Indonesia expects to collect 14% more levy funds in 2017 as exports increase

October 19, 2016 |

In Indonesia, the Indonesia Estate Crop Fund that collects export levies on palm oil to then offset the cost of higher blends of more expensive biodiesel expects fund collection to rise 14% in 2017 as up to 10% more exports are anticipated. Production has begun to recover following negative El Niño impacts on oil palm, leaving more supplies available for export and in turn more levy funds to be collected, perhaps as much as $830 million. 

Category: Fuels

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