Since June this year, Indonesia has collected a maximum $55 levy per tonne on palm oil exports, regardless of the price.
The new levy will hinge on export prices, according to Coordinating Minister for Economic Affairs Airlangga Hartarto. (Source: Minister for Economic Affairs, ZAWYA, 9 Sept., 2020)
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According to TuK Indonesia, an NGO advocate for environmental justice, the estimated total wealth of the top 27 families in the palm oil industry at more than $88 billion -- roughly 8 pct of the country's GDP .
Among the top producers, Wilmar International, which produces 2.3 million kiloliters per year of palm oil biodiesel,
is the major recipient of Indonesian government subsidies to the palm oil industry. Wilmar scored 55 pct of the total $530 million from the BPDP-KS distributed to five palm oil companies in 2017.
(Source: Various Media, Mongabay, 1 July, 2020)
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The delay is being attributed to disruptions in world fuel demand caused by the coronavirus pandemic.
(Source: Coordinating Ministry of Economic Affairs Indonesia, The Star, 9 May, 2020) Contact:
Coordinating Ministry of Economic Affairs Indonesia, www.developmentaid.org/#!/donors/view/143865/coordinating-ministry-for-economic-affairs-indonesia
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According to the statement, only 12 pct of the country's refineries produce bio-fuel and the industry is seeking domestic and foreign investors to build more refineries and expand production especially in regions close to oil palm plantations in Sumatra and Kalimantan.
Separately, Indonesia's 30 pct biodiesel - petroleum blend policy will come into force in Jan. 2020, and will increase domestic palm oil consumption by roughly 3 million tpy. (Source: Indonesian National Energy Committee , VNA, 7 Nov., 2019) Contact: Indonesian National Energy Committee , +622 152921,
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