JAKARTA (Reuters) – Indonesia will adjust its crude palm oil export tax to reduce the burden on exporters from U.S. tariffs, Finance Minister Sri Mulyani Indrawati said on Tuesday.
Indonesia currently imposes an export tax of up to $288 per ton on crude palm oil, depending on price levels. It also imposes separate export levies on the vegetable oil.
The move should reduce the burden on exporters “by an equivalent of 5%”, the minister said without providing further detail.
She was speaking at a gathering of business executives to discuss government efforts to mitigate risks from U.S. tariffs.
(Reporting by Stefanno Sulaiman and Ananda Teresia; Editing by Martin Petty and David Goodman)
