Indonesia raised the benchmark price of CPO in November
Indonesia will raise the benchmark price of crude palm oil (CPO) in November to $961.97 per tonne from $893.64 in October, Reuters reported on Wednesday, citing trade ministry spokesman Farid Amir.
The new price sets the export duty for November at $124 per ton.
Indonesia also charges an additional fee of 7.5% of the base price for CPO exports, duty on refined products ranges from 3% to 6% of the base price.
Earlier it became known, Malaysia raised the export duty on CPO for the first time in three years to 9.5%.
For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp.
It is a multi-functional online platform with market intelligence for grains and oilseeds that enables to get access to daily operational information on the Black Sea & Danube markets, analytical reports, historical data.
You are welcome to get a 7-day free demo access!!!
Read also
Global soybean prices rise 7% amid strong export demand
UK dairy sector tightens requirements for soy and palm-based feed ingredients
Lithuania plans to keep ports closed to Belarusian potash transit
Jordan buys 60 thsd tons of wheat in tender
Biofuel boom to boost demand for corn, sugar and vegetable oils
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon