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On 16 - 30 September, CPO Reference Price Gets Cheaper; CPO OF is US$ 52/Ton



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On 16 - 30 September, CPO Reference Price Gets Cheaper; CPO OF is US$ 52/Ton

InfoSAWIT, JAKARTA – Crude palm oil (CPO) reference product to decide Out Fee (OF) on 16 – 30 September 2022 is US$ 846,32/metric ton (MT). It gets cheaper US$ 83,34 or 8,96 percent from 1 – 15 September 2022 which was US$ 929,66/MT.

The decision was written in the Decision of Minister of Trade Number 1340 / 2022 about Crude Palm Oil Reference Price that Gets Out Fee and Tariff Service on Palm Service Obligation on Palm Oil Plantation Fund Management Agency on 16– 30 September 2022.

“Now CPO reference price gets cheaper but it is far from the threshold which is US$ 680/MT. And the government puts CPO OF about US$ 52/MT on 16–30 September 2022,” General Director in duty of Foreign Trade, Veri Anggrijono said, as in the official statement to InfoSAWIT, Thursday (15/9/2022)

CPO OF on 16–30 September 2022 refers t Colom 5 Attachment C, Regulation of Minister of Finance Number 123/PMK.010/2022 which is US$ 52/MT. The numbers change from CPO OF on 1–15 September 2022.

“The cheaper CPO reference price happens for some factors, such as, the cheaper other vegetable oil particularly soyoil, the abundant stock of CPO and the decreasing currency of ringgit toward US dollar,” Veri said. (T2)

 

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