9/1/06 JAKARTA, (Asia Pulse) - The Indonesian government has decided to raise the benchmark export prices of crude palm oil (CPO) and its derivatives to adjust to the prevailing prices in the international market.

The government will decide on the export tax on the benchmark price.

The benchmark price of CPO was raised to US$360 per ton from US$160 earlier and the benchmark prices for its derivatives including refined, bleached and deodorized palm olein were raised to US$380 from US$190 per ton.

Foreign Trade Director General Diah Maulida announced the decision after the government cut the export tax on CPO to 1.5 per cent from 3 per cent.

(ANTARA)