Indonesia rethinks palm oil game as smallholders brace for US tariff fallout

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Indonesia rethinks palm oil game as smallholders brace for US tariff fallout - Malay Mail

Quick Summary:

JAKARTA, April 13 — Indonesian palm oil companies are seeking new markets in Europe, Africa and the Middle East as they...

Indonesian Finance Minister Sri Mulyani said at an economic meeting Tuesday that she would lower a crude palm oil export tax, alleviating some of the pain.

However, he warned that market diversification “must still be done” to avoid the impact of the tariffs if they come into force later in the year, adding that firms would look to Africa — specifically top importer Egypt — the Middle East, Central Asia and Eastern Europe.“We should not just depend on traditional markets.