Indonesia keeps Palm Oil export tax at zero for November
Commodity Online | November 11 2019
UPDATED 18:44:56 IST

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Indonesia is keeping the export tax for crude palm oil (CPO) at zero for November, the trade ministry said in a statement.

The ministry set the CPO reference price at $571 per tonne for November and the cocoa beans reference price at $2,500 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 in September the government said it will not collect levies until January.

 

Commodity Arrivals Rate
Mustard Oil NR 9770.00
Coconut Oil 20 17650.00
Arecanut 43 1600.00
Sugar NR 3800.00

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