Indonesia to raise crude palm oil benchmark price in December
Indonesia will raise the benchmark price of crude palm oil (CPO) in December to $1,071.67 per tonne from $961.97 in November, a trade ministry official said on Friday.
The new price will set the export duty for December at $178 per ton. Indonesia also levies a 7.5% duty on CPO exports, while duty on more refined palm oil products is charged between 3% and 6% of the reference price.
The reference price regulation has not yet been published.
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
BLACK SEA GRAIN. KYIV: Join with a SMART rate by March 31!
China has opened its market to imports of Ukrainian peas
Vegetable oil prices have stopped responding to speculative jumps in cude oil prices
Thai sugar industry calls for E20 transition to bolster energy security
Trump considers suspending Moroccan fertilizers duties amid corn grower pressure
Got additional questions?
We will be happy to assist!
Write to us
Our manager will contact you soon