MARKET DEVELOPMENT
Indonesia to keep CPO, cocoa export taxes unchanged for Nov
Indonesia to keep CPO, cocoa export taxes unchanged for Nov
30.10.2018 (Reuters Africa) - JAKARTA, Oct 30 (Reuters) –
* Indonesia will keep export taxes for crude palm oil (CPO) and cocoa unchanged for November from this month, Trade Ministry document showed on Tuesday.
* The government will keep cocoa export tax at 5 percent next month, where it has stayed since July, as reference price seen at $2,120.98 per tonne, the document showed, or staying within a $2,000-$2,750 per tonne tax bracket.
* Crude palm oil tax will remain at zero as government’s reference price seen lower than $750 threshold in November. CPO exports has been untaxed since May 2017 due to low price. (Reporting by Fransiska Nangoy; Editing by Gopakumar Warrier)