Indonesia to raise crude palm oil reference price for November, official says

Indonesia will raise its crude palm oil (CPO) reference price for November to $961.97 per metric ton from $893.64 in October, trade ministry official Farid Amir told Reuters on Wednesday.

The new price will put the export tax for November at $124 per ton. Indonesia also imposes a 7.5% levy of the reference price for CPO exports, while the levy for more refined palm oil products is charged at between 3% and 6% of the reference price.

The regulation on the reference price had yet to be published.

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Tags: exports, Indonesia, Crude palm oil, reference price