MARKET DEVELOPMENT
Indonesia sets February crude palm oil export tax at $93/T, levy at $255
Indonesia sets February crude palm oil export tax at $93/T, levy at $255
Successful Farming (28/01/2021) - JAKARTA, Jan 28 (Reuters) - Indonesia set a higher reference price for crude palm oil (CPO) for February at $1,026.78 per tonne, a Trade Ministry regulation published on Thursday showed, up from $951.86 per tonne in January.
Based on the reference price, CPO export tax will be set at $93 per tonne in February, while the export levy will be at $255 per tonne.
Meanwhile, cocoa export tax will stay at 5% next month. (Reporting by Fransiska Nangoy, Fathin Ungku, Bernadette Christina Munthe; Editing by Martin Petty)
Read more at https://www.agriculture.com/markets/newswire/indonesia-sets-february-crude-palm-oil-export-tax-at-93t-levy-at-255