OILS & FATS
INDONESIA PLANS TO SET PALM OIL REFERENCE PRICE AT $826.58/T FOR NOV 16-30 –OFFICIAL
INDONESIA PLANS TO SET PALM OIL REFERENCE PRICE AT $826.58/T FOR NOV 16-30 –OFFICIAL
10/11/2022 (Successful Farming), Jakarta - Indonesia plans to set reference price of its crude palm oil at $826.58 per tonne for Nov. 16-30 shipments, Trade Ministry official Farid Amir said on Friday.
The planned reference price would put the export tax for the period at $33 per tonne, up from $18 for the Nov. 1-15 period, and would trigger a $85 per tonne levy. The government has yet to issue the decree stating the Nov. 16-30 reference price. - Reuters