Indonesia has scrapped its export levy for all palm oil products until Aug. 31 in a fresh attempt to boost exports and ease high inventories, finance ministry officials said on Saturday, adding the move would not disrupt government revenues.
The decision by the world's biggest palm oil exporter could further depress prices , which have fallen by about 50% since late April to their lowest in over a year.
At the same time, it has tried to clear up storage tanks by cutting export taxes and launching a shipment acceleration programme, but exports remained slow and companies have blamed the DMO rules, as well as problems with securing cargo vessels. High palm oil stocks have forced mills to limit purchases of palm fruits. Farmers have complained their unsold fruits have been left to rot.
Argentina Últimas Noticias, Argentina Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Cancer prevention, treatment and survivorship seminar Aug. 20Mission Hope Cancer Center will host a special cancer prevention, treatment and survivorship seminar on Saturday, Aug. 20 that will offer practical guidance for staying well, improving quality of life
Leer más »
Cleveland Guardians game vs. Detroit Tigers postponed by weather, rescheduled as traditional doubleheader Aug. 15In the final game before the All-Star Break, the Guardians took on the Tigers.
Leer más »
Libya lifts force majeure in all oil fieldsLibya’s new oil chief Farhat Bengdara removes force majeure at all the country’s oil fields and export terminals as groups besieging several installations ended their blockade
Leer más »
Cancer prevention, treatment and survivorship seminar Aug. 20Mission Hope Cancer Center will host a special cancer prevention, treatment and survivorship seminar on Saturday, Aug. 20 that will offer practical guidance for staying well, improving quality of life
Leer más »
CMOC’s Congo mine suspends copper and cobalt exportsMOC's Tenke Fungurume copper and cobalt mine has suspended all exports.
Leer más »