Palm Oil Export Levy

The government has extended the export levy on palm oil and its derivatives by US$0 per metric ton (MT) or free from 1 November 2022 at 00.00 WIB until 31 December 2022. This is the second extension. Previously. The policy taken in July was set until the end of August. And extend until the end of October and currently until the end of the year. Coordinating Minister for Economic Affairs Airlangga Hartarto said the extension was carri out because the Market Index Price (HIP) of biodiesel was higher than that of diesel, so there was no biodiesel incentive payment.

The government has extended the export levy on palm oil and its derivatives by US$0 per metric ton (MT) or free from 1 November 2022 at 00.00 WIB until 31 December 2022. This is the second extension. Previously. The policy taken in July was set until the end of August. And extend until the end of October and currently until the end of the year. Coordinating Minister for Economic Affairs Airlangga Hartarto said the extension was carried out because the Market Index Price (HIP). Of biodiesel was higher than that of diesel. So there was no biodiesel incentive payment.

That is;

conduct further discussions through a technical team involving the Coordinating Ministry for the Economy, Ministry of Agriculture, Ministry of Agrarian and Spatial Planning/National Land Agency, and Ministry of Environment and Forestry, as well as BPDPKS. In addition, the government also encourages the planting of intercrops on PSR land which includes corn, soybeans and sorghum as part of the food security program. In relation to this PSR. Improvements also ne to be made that the difference in the price of FFB (fresh fruit bunches). For partner and non-partner planters is getting smaller. The government will review the policy again in December 2022.

By AKDSEO