Gapki concerned 10% levy on CPO will make Indonesian exports uncompetitive

In Indonesia, the Jakarta Post reports Indonesian Palm Oil Association (Gapki) is concerned the new 10% levy recently announced by the government that will be applied to crude palm oil exports, up from the current 7.5%, with force exports to plummet. The higher levy is meant to pay for the subsidies required to achieve the B40 blending mandate expected to come into effect in January. Domestic production is stagnant, which makes the export situation all the more challenging.