MARKET DEVELOPMENT
Indonesia keeps palm oil, cocoa export tax unchanged for Oct
Indonesia keeps palm oil, cocoa export tax unchanged for Oct
26.09.2019 (Reuters Africa) - * Indonesia will keep the export tax for crude palm oil (CPO) at zero and for cocoa beans at 5% for October, the trade ministry said in a statement on Thursday
* The trade ministry set the CPO reference price at $574.9 per tonne for next month and the cocoa beans reference price at $2,272.7 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 earlier this week the government said it will not collect levies until January (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy; Editing by Kirsten Donovan)