Indonesia's 2022 palm oil exports seen below 2021's 34 million t -GAPKI
FILE PHOTO: A man assist trucks carry palm oil fruit on a damaged road at Mesuji Raya village in Ogan Komering Ilir, South Sumatra province, Indonesia, January 11, 2017. Picture taken January 11, 2017. Antara Foto/Budi Candra Setya/ via REUTERS /File Photo
JAKARTA : Indonesia Palm Oil Association (GAPKI) expects this year's exports of palm oil to be lower than the 34 million tonnes recorded in 2021 due to various policy changes this year, official Fadhil Hasan said on Wednesday.
He expected Indonesia's production of palm oil in 2022 to be "at least similar", saying the government's plan to lower the combined maximum level of export tax and levy to $488 per tonne to encourage shipments is a "good move".
Source: Reuters
