A worker screens crude palm at a local palm oil factory in North Sumatra province. (file photo)

President Jokowi asks European Union to ease export on palm oil

REPUBLIKA.CO.ID, JAKARTA -- Indonesian President Joko 'Jokowi' Widodo asks President of the European Council Herman van Rompuy to ease export on palm oil. Jokowi said that the shipping of Indonesian palm oil to Europe was hampered due to EU's current policy. "About 45 percent of palm oil is produced by local farmers. We have to find a way to ease...

A worker checks the quality of crude palm oil (CPO) in a state CPO processing unit at Indonesia's North Sumatra province May 29, 2012.

Minister states that govt not to revise CPO export tax

REPUBLIKA.CO.ID, JAKARTA - The government would not revise or cut the exit tax of its crude palm oil (CPO) exports, although Malaysia had revised for the September-October 2014 period following CPO price fall, a minister stated. "We have our own regulations, so we cannot cut exit tax. We will continue with the current  regulations," affirmed Minister of Trade Muhammad Lutfi...