Indonesia raises crude palm oil benchmark price in July
Indonesia raised its benchmark price for crude palm oil (CPO) by $21.51 to $877.89 per tonne in July, the trade ministry said in a ruling seen by Reuters on Monday. The benchmark price was $856.38 per tonne a month earlier.
The new price will not affect the export duty, which will remain at $52 per tonne, the same as in June.
Indonesia also levies a 10% surcharge on CPO exports and a surcharge on refined palm oil products ranging from 4.75% to 9.5% of the benchmark price on top of the export duty.
Indonesia plans to increase palm oil exports by 1 million tonnes this year from last year to 25 million tonnes.
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
UkrAgroConsult presents market research on Ukraine’s livestock sector
Turkey’s Grain Production Expected to Drop 12% in 2025
Weather in major exporting countries remains favorable for harvesting and sowing
Brazil to set new records in soybean production and exports in MY 2025/26
Export demand for barley in Ukraine is growing, but supply remains low
Write to us
Our manager will contact you soon