Indonesia to Review Palm Oil Export Levies, Policy May Not Change

CPO - JAKARTA. Indonesia is looking to review the way it sets palm oil export levies to maintain competitiveness against rival edible oils, an official said on Monday, describing it as a regular move to evaluate its trade policy.

Malaysian palm oil futures last week rose as traders anticipated a possible change in Indonesia's export levy or tax structure, though prices fell in early trade Monday, tracking weakness in rival Dalian oils and pressured by a strong ringgit.