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Ministry of Trade: CPO Export Multiplier Would be 6 times Per January 2023



Ministry of Trade: CPO Export Multiplier Would be 6 times Per January 2023

InfoSAWIT, JAKARTA – If in the past few months, volume multiplier ratio to export approval of crude palm oil, refined, bleached and deodorized palm oil, refined, bleached and deodorized palm olein, and used cooking oil was 9 times, but after the result consideration in coordination meeting among related ministries/institutions about update export implementation and domestic market  obligation (DMO) of palm cooking oil for the people which Coordinator Ministry in Maritime and Investment conducted on 23 December 2022, multiplier ratio had been decided as the basic to get CPO, refined, bleached and deodorized palm oil, refined, bleached and deodorized palm olein, and used cooking oil export rights.

The Decision of General Director of Foreign Trade Number 19 /DAGLU/KEP/ 12/2022 about Multiplier Ratio as the Basic to Decide CPO, refined, bleached and deodorized palm oil, refined, bleached and deodorized palm olein, and used cooking oil would be six (6) times from the validation numbers of DMO for CPO and/or palm cooking oil which has been reported through SIMIRAH, and reported to Lembaga  National Single Window  to be the reference at Sistem Indonesia National Single Window (SINSW) in the validation to propose export approval.

“The regulation about multiplier ratio numbers would be available to the validation result data to fulfill DMO for CPO and/or palm cooking oil which derived from the implementation of DMO at SIMIRAH that is reported at Sistem Indonesia National Single Window (SINSW) since 1 January 2023,” the regulation noted.

It means, the Decision of General Director of Foreign Trade Number18/DAGLU/KEP/ 10/2022 would not be available for stakeholders and need substitution. (T2)


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