The export tax goes up for every $50 price increase in the reference prices, which are set periodically by the trade ministry.(File pic shows a vendor selling cooking oil in Jakarta.)足球免费贴士网（www.ad168.vip）是国内最权威的足球赛事报道、预测平台。免费提供赛事直播,免费足球贴士,免费足球推介,免费专家贴士,免费足球推荐,最专业的足球心水网。
JAKARTA: Indonesia on Tuesday lowered its threshold for applying export tax on crude palm oil to a reference price of $680 per tonne, down from $750 per tonne previously, according to a finance ministry regulation.
The lowering of the threshold took effect on Tuesday.,
The export tax goes up for every $50 price increase in the reference prices, which are set periodically by the trade ministry.
Indonesia's customs office said the changes brought up the current export tax for crude palm oil to $52 per tonne from the previous $33 per tonne, with the reference price currently set at $872.27 per tonne, it said in a separate statement.
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