Indonesia, followed by Malaysia, from may 2016, resumed levying export duties on this product at the rate of 3%. The government of Indonesia is actively using this method of influence to improve the competitiveness of palm oil and to maintain its traders.
So, a zero tariff was paid from October 2014. Despite the fact that the duty on Indonesian palm oil exports 2% less than in Malaysia, rely on the greater competitiveness of Indonesian palm oil in world markets is not necessary due to the availability of additional export fee of $ 50 per ton.
The import of palm oil in Ukraine since the beginning of the 2015/16 season (September-April) totaled 138,4 thousand tons, in April of this year - 12.8 thousand tons against 15.8 thousand tons in last month. Given the background to the rise in price of Indonesian palm trees, increases the probability of further decrease in purchases by Ukraine of this product.
Translated by service "Yandex.Translation"