TODAY’S PAPER EDITION: HEADLINE: CPO export levy waiver ‘not enough’ to lift farm prices

Overload: Trucks line up on May 17, 2022 to unload oil palm fresh fruit bunches at a palm oil processing facility belonging to PT Karya Tanah Subur in Padang Sikabu village, West Aceh.(Antara/Syifa Yulinnas)

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BUSINESS- REGULATIONS ; CPO export levy waiver ‘not enough’ to lift farm prices

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The temporary waiver on export levies for all palm oil products is expected to temporarily boost crude palm oil (CPO) exports and fresh fruit bunch (FFB) prices in Indonesia, but critics of the move say that a strict policy regulating farm gate prices is needed for the long term.

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The exemption was announced and came into force on July 15.

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Bhima Yudhistira, executive director at the Center of Economics and Law Studies (CELIOS), said that while scrapping export levies for CPO and derivative products was necessary to control supply and demand, the scheme needed to be complemented with proper enforcement of Agriculture Ministry Regulation No. 1/2018 on FFB pricing to ensure fair prices for farmers.

to Read Full Story – Click to read:   https://www.thejakartapost.com/business/2022/07/22/cpo-export-levy-waiver-not-enough-to-lift-farm-prices.html.

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Today’s Paper: July 23, 2022

7.23.22