Indonesian biodiesel producers not suffering from new export tax

April 9, 2014 |

In Indonesia, most biodiesel exporters say that the new 2% export tax hasn’t had a negative effect on their trade, especially has less than half of the 14 domestic producers export. Apparently the tax was foreseen and already priced into April cargoes, prices that are even $20 per ton cheaper than in March basis FOB. The tax, the first time in two years that the government has put it in place for biodiesel exports, is contingent on the price of palm oil.

Category: Policy

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