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.