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Indonesia's Palm Oil Revenue Forecast
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Indonesia's palm oil fund agency anticipates a $1.87 billion revenue from export levies in 2024, despite a slight decrease from the current year's estimate. The agency relies on subsidizing biodiesel and funding palm replanting programs with levy proceeds, while also adjusting the mandatory palm oil mix in biodiesel.
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How might the decrease in export levy collections impact Indonesia's palm oil industry and related initiatives?
In what ways could Indonesia's adjustment of the mandatory palm oil mix in biodiesel affect the global biodiesel market?
What factors could influence the actual revenue collected in 2024 compared to the agency's forecast?
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