According to the decision, from February in Indonesia set export tax for palm oil at the rate of 18 dollars per ton was the highest reading since August 2015. Currently, it is much less – $ 3 (in this state there is a fixed rate).

Indonesia is the world's largest exporter of palm oil and the main supplier to Russia. Second place for the supply of this product on the world market is Malaysia. The country since February also increases the export duty from 7% to 7.5%.

The January futures price of palm oil on the Indonesian stock exchange raw materials and derivatives amounted to approximately 760 dollars per ton, and on stock exchange in Malaysia - about 703 dollars. Price increase for 2016 was about 25%.

Photo: indiamart.com