MARKET DEVELOPMENT
Indonesia keeps crude palm oil, cocoa export taxes unchanged in July
Indonesia keeps crude palm oil, cocoa export taxes unchanged in July
27.06.2019 (Reuters) - JAKARTA, June 27 (Reuters) -
* Indonesia’s export taxes on crude palm oil will remain at zero for the month of July, while export taxes for cocoa beans will stay at 5%, according to Trade Ministry
* The ministry set July crude palm oil reference price (CPO) at $542.45 per tonne, below the $750 per tonne threshold to collect export taxes and the $570 per tonne threshold to collect the export levy
* The cocoa export tax next month will be kept at 5%, with the reference price set at $2,454.93 per tonne, the ministry document showed (Reporting by Fransiska Nangoy; editing by David Evans)