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Trade News

Each day TFO Canada publishes a sample of trade news on the Canadian import market along with any new, updated or changed regulations and legislations regarding international trade; countries in which TFO Canada offers services and on the export sectors which it promotes.

 

Indonesia to keep export taxes for cocoa, palm oil at zero in July

Friday, June 23, 2017 > 09:50:00
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The Edge Markets

Indonesia will maintain export taxes for cocoa beans and crude palm oil at zero for July because the reference prices of the commodities are expected to remain below the threshold that would trigger in increase, trade ministry said on Thursday.

The cocoa bean export tax will be set at zero for a second month. For crude palm oil, it is the third at zero.

The Indonesian trade ministry imposes no export tax when the government reference price is expected at US$750 a tonne or lower for palm oil and US$2,000 a tonne or lower for cocoa beans.


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