The Indonesian government cancelled soybean oil import duties

    According to government officials in Indonesia said Indonesia has canceled a number of import tariffs on raw materials and commodities, including soybean oil, a move designed to boost the Government of Indonesia Indonesia's domestic processing industries to create high-value exports.
    From the beginning the Government of Indonesia has also improved in April, eight food and consumer goods import tariffs ranging from 5 to 10%.
    Indonesia lifted in January this year, soybean, rice and wheat import tariffs to curb domestic prices.
    Indonesia has been working to improve yield and reduce dependence on imported soybeans. Government wants to stop the import of soybeans in 2014.
    Indonesia's imports of soybeans this year are likely to stabilize at 170 million tons.

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