29 July 2019 (The Sun Daily) JAKARTA: Indonesia's export taxes on crude palm oil will remain at zero for the month of August, while export taxes for cocoa beans will stay at 5%, according to Trade Ministry.

The Trade Ministry set July crude palm oil reference price (CPO) at $532.30 per tonne, Oke Nurwan, director general of international trade, said on Monday.

The CPO reference price dropped 1.9% from a month earlier and 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%, as the reference price for August, at $2,469.64 per tonne, remain below the threshold for higher tax.