JAKARTA, July 2 (Reuters)Indonesia raised palm oil export quotas on Saturday, allowing companies that have sold palm oil domestically to export seven times the amount of their domestic sales starting July 1, a senior minister said.

Coordinating Minister for Maritime Affairs and Investment Luhut Pandjaitan also said the government will exercise a plan to raise mandatory biodiesel mix to 35% or 40%, depending on crude palm oil supply and price, from currently 30%.

(Reporting by Bernadette Christina; Editing by Sandra Maler)

((Bernadette.Christina@thomsonreuters.com;))

Source: Nasdaq

LEAVE A REPLY

Please enter your comment!
Please enter your name here