MARKET DEVELOPMENT
Indonesia plans to set palm oil reference price at $791.02/T for July 16-31 - official
Indonesia plans to set palm oil reference price at $791.02/T for July 16-31 - official
12/07/2023 (Nasdaq), Jakarta - Indonesia is planning to set its crude palm oil (CPO) reference price at $791.02 per metric ton for July 16-31, senior economic ministry official Musdhalifah Machmud said on Wednesday, up from $747.23 per tonne in July 1-15.
The upcoming reference price would place the CPO export tax at $33 per metric ton and the levy at $85. The ministerial decree officially stating the price has not yet been published.
Source: Reuters