MARKET DEVELOPMENT
Indonesia keeps palm oil, cocoa export tax unchanged for Nov
Indonesia keeps palm oil, cocoa export tax unchanged for Nov
Reuters (09/11/2019) - * Indonesia is keeping the export tax for crude palm oil (CPO) at zero and for cocoa beans at 5% for November, the trade ministry said in a statement late on Friday
* The ministry set the CPO reference price at $571 per tonne for November and the cocoa beans reference price at $2,500 per tonne
* Indonesia collects export taxes for CPO when the reference price is above a $750 per tonne threshold and collects export levies when the price is above $570 per tonne, but in September the government said it will not collect levies until January (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy Editing by Robert Birsel)
Read more at https://af.reuters.com/article/commoditiesNews/idAFL3N27P00X