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CPO Reference Price Gets Cheaper: Hera Are CPO OF and Levy on 16–30 September 2023



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CPO Reference Price Gets Cheaper: Hera Are CPO OF and Levy on 16–30 September 2023

InfoSAWIT, JAKARTA – Crude palm oil (CPO) reference price to decide out fee (OF) and tariff on Palm Oil Plantation Fund Management Agency (PFMA) or known as export levy on 16 – 30 September 2023 would be US$ 798,83/metric ton (MT). The numbers get cheaper US$ 6,37 or 0,79 percent from on 1 – 15 September 2023 that was US$ 805,20/MT.

It was written on the Decision of Minister of Trade Number 1666 / 2023 about Crude Palm Oil Reference Price that is Charged on Levy and Tariff on Public Service Obligation of Palm Oil Plantation Fund Management Agency on 16 – 30 September 2023.

“Now CPO reference price is close to the threshold which is USD 680/MT. According to the regulation of minister of finance (RMF), the government decided that CPO OF would be US$ 33/MT and CPO levy would be US$ 85/MT on 16 - 30 September 2023,” General Director of Foreign Trade Ministry of Trade, Budi Santoso said, as in the official statement to InfoSAWIT, Friday (15/9/2023).

CPO OF on 16 – 30 September 2023 refers to Colom number 4, Attachment letter C, RMF Number 39/PMK/0.10/2022 juncto (jo.) Number 71 / 2023 which is US$ 33/MT. CPO levy in the same period refers to Attachment letter C, RMF Number 103/PMK.05/2022 jo. Number 154/PMK.05/2022 which is US$ 85/MT. CPO OF and levy are still the same as they were on 1–15 September 2023.

Budi thought the decreasing CPO OF happens for some factors, such as, the slow economic progress in China and the estimation of increasing palm oil production in Malaysia by the late of August 2023. “The other factor is that the cheaper other vegetable oils, such as, soyoil and sunflower oil,” he said. (T2)

 


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