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A La Nina event is expected to sustain itself into early 2017, resulting in an early onset rainy season, and providing relief to Indonesia’s palm oil industry from the dryness...
Post reduces MY 2015/16 production estimates to 32 million metric tons (MMT), following the 2015 El-Nino weather event that resulted in drought in key production areas.
A levy on palm oil exports will be created as the result of Indonesian regulations 24/2015 and 61/2015. The levy will be used primarily to fund biodiesel subsidies.