Economics

Indonesia Waives Palm Oil Export Levy to Cut Bloated Stockpiles

Lower export levy to be valid from July 15 through August
Bloated reserves prevent companies to buy fresh palm fruit

A palm oil processing factory, in Bogor Regency in West Java, Indonesia. — A palm oil processing factory, in Bogor Regency in West Java, Indonesia.
Photographer: Dimas Ardian/Bloomberg

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By Eko Listiyorini

July 16, 2022 at 6:18 AM EDT

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Indonesia will waive its palm oil export levy until the end of August in a fresh attempt to boost shipments and reduce its overflowing stockpiles.

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Before it’s here, it’s on the Bloomberg Terminal