Indonesia's Coconut Export Levy Plans Put on Hold

Policy Decision Pending Further Discussion

The Indonesian government has decided not to proceed with plans for implementing a coconut export levy for the time being. According to Trade Minister Budi Santoso, there have been no further discussions regarding this policy since the last coordination meeting. The decision is now pending guidance from the Coordinating Ministry for Food Affairs.

Background of the Proposed Levy

The proposed coconut export levy was initially designed to control the export of whole coconuts. The policy aimed to prevent domestic supply shortages and subsequent price increases. The government had been considering this measure to ensure sufficient coconut supply in the domestic market and maintain price stability.

Current Status and Future Prospects

As of now, the plan remains on hold, with the Trade Minister awaiting further instructions. The lack of progress on this policy indicates the complexity of decision-making involving various government ministries. The coconut industry will be watching closely for any developments that could impact their export activities and domestic operations.