The Palm Scribe

Downstream program in a pinch

Kontan Harian, 7 December 2018

The downstream palm oil industry does not welcome the Finance Ministerial Regulation No. 152/PMK.05/2018 positively as the regulation is deemed unfriendly to domestic downstream program. Indonesian Vegetable Oil Association (GIMNI) Executive Director Sahat Sinaga told “KONTAN” on Wednesday (December 5) that the regulation, which nullifies palm oil export levies, should be applied only on crude palm oil (CPO) derivatives. That way, investors will be interested in establishing domestic palm oil refineries. In addition, the demand for processed palm oil products from Indonesia is high. Sahat recommended the government to maintain this condition.

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