Monday, April 6, 2009

Indonesia says may lower threshold for palm oil tax

JAKARTA, April 6 (Reuters) - Indonesia may lower the threshold price for taxing crude palm oil exports from $700 per tonne in order to discourage exports of the commodity and ensure adequate domestic supplies, an official said on Monday.
"There is a possibility that we may impose tax even if the reference price is lower than $700" per tonne, said Bayu Krisnamurthi, a deputy to the chief economic minister.

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