Trimming the Indonesian palm oil export tax cap by a maximum of 5 percent, a move widely expected by market players, will do little to stop the current distortion of flow to the global market, an industry association said on Thursday. In late July, an industry ministry official said Indonesia may cap its maximum export tax for the edible oil to 20 percent from 25 percent.

Indonesia's crude palm oil export tax steady at 15 pct for Sept. JAKARTA, (Xinhua) The Indonesian government has decided the export tax of crude palm oil (CPO) for September unchanged at 15 percent as the price of the commodity in the global market is relatively stable, an official from the trade ministry said here on Tuesday.