Indonesia Increases Palm Oil Export Tax

BINTAN ISLAND, INDONESIA - JUNE 24: A farmer displays oil palm fruits which will be sent to Crude Palm Oil (CPO) on June 24, 2011 in Bintan, Indonesia. on June 24, 2011 in Bintan Island, Indonesia. Indonesia will adjust it's palm oil export tax in July to 20 percent from 17.5 percent in June in an effort to slow down a massive rush to export the product as world demand increases. Indonesia is the top producer of palm oil in the world ahead of Malaysia and will produce over 21 million tonnes of palm oil this year. (Photo by Yuli Seperi/Getty Images)
BINTAN ISLAND, INDONESIA - JUNE 24: A farmer displays oil palm fruits which will be sent to Crude Palm Oil (CPO) on June 24, 2011 in Bintan, Indonesia. on June 24, 2011 in Bintan Island, Indonesia. Indonesia will adjust it's palm oil export tax in July to 20 percent from 17.5 percent in June in an effort to slow down a massive rush to export the product as world demand increases. Indonesia is the top producer of palm oil in the world ahead of Malaysia and will produce over 21 million tonnes of palm oil this year. (Photo by Yuli Seperi/Getty Images)
Indonesia Increases Palm Oil Export Tax
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Credit:
Yuli Seperi / Contributor
Editorial #:
117690632
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Getty Images News
Date created:
June 24, 2011
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