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.
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