InfoSAWIT, JAKARTA – Crude palm oil (CPO) reference price to decide out fee (OF) and tariff on Palm Oil Plantation Fund Management Agency (PFMA) which is known as levy on 1–15 October 2023 would be US$ 827,37/metric ton (MT).

The numbers escalated US$ 28,54 or 3,57 percent from those on 16 — 30 September 2023. The numbers are written on the Decision of Minister of Trade Number 1698 / 2023 about CPO Reference Price that is Charged on Out Fee and Tariff on Public Service Obligation on Palm Oil Plantation Fund Management Agency.

Besides, palm cooking oil (refined, bleached, and deodorized/RBD palm olein) in branded packages and packed within net ≤ 25 kg would be charged USD 0/MT and brands decided as written on the Decision of Minister of Trade Number 1699 / 2023 about Lists of Brand of Refined, Bleached, and Deodorized (RBD) Palm Olein in Branded Packages with net ≤ 25 Kg.

“CPO reference price escalates and more than threshold which is US$ 680/MT. that is why according to 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 1—15 October 2023,” General Director of Foreign Trade, Budi Santoso said, as in the official statement to InfoSAWIT, Saturday (30/9/2023).

CPO OF on 1–15 October 2023 refers to Colom number 4, Attachment letter C, RMF Number 39/PMK/0.10/2022 juncto (jo.) Number 71 / 2023 whjch is US$ 33/MT. CPO export levy on 1–15 September 2023 refers to Attachment letter C RMF Number 103/PMK.05/2022 jo. 154/PMK.05/2022 which is US$ 85/MT. In total, CPO OF and levy are the same with the previous period that was US$ 118 per ton.

Budi said, the increasing CPO reference price happened for some factors, such as, the increasing demands which were not the same with the increasing production. “Other vegetable oils got more expensive,” he said. (T2)