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INDONESIA TO SET CRUDE PALM OIL REFERENCE PRICE AT $900.52/T FOR AUG 16-31 –OFFICIAL
INDONESIA TO SET CRUDE PALM OIL REFERENCE PRICE AT $900.52/T FOR AUG 16-31 –OFFICIAL
15/08/2022 (Reuters), Jakarta - Indonesia will set crude palm oil reference price at $900.52 per tonne for the period of Aug. 16-31, up from $872.27 per tonne set for the first half of the month, Musdhalifah Machmud, a senior official at economics ministry said on Monday.
The reference price would place the export tax of crude palm oil at $74 per tonne in that period. Indonesia has waived palm oil export levies until the end of August. (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy Editing by Kanupriya Kapoor)