CPO OF in November is Zero Percent

CPO OF in November is Zero Percent

InfoSAWIT, JAKARTA–According to Ministry of Trade, Indonesian Republic, the Referential Price for crude palm oil (CPO) to Out Fee (OF) in November 2017 is US$$ 737,59/ton. It decreases US$ 2,51 or 0,34% from October 2017,that was US$ 740,09/ton.

“The CPO referential price decreases and still not more than US$ 750/ton. So the government decided, the CPO OF is US$ 0/ton in November 2017,” General Director of Foreign Trade, Ministry of Trade, Oke Nurwan said in Jakarta in the official statement toInfoSAWIT.

It is written in Regulation of Secretary of Trade No. 80 / 2017 about the Export Referential Price (ERP) Decision on the Agricultural and Forestry Product having Out Fee.

CPO OF in November 2017 is attached in Column 1, II, C, Regulation of Secretary of Treasure No. 13/PMK.010/2017, US$ 0/ton. The number is the same with CPO OF in October 2017, reaching US$ 0/ton.

Meanwhile, the cocoa referential price in November increases about US$ 94,01 or 4,82%, that is from US$ 1.950,85/ton to be US$ 2.044,86/ton. It influences the ERP of cocoa seed that increases US$ 92 or 5,49% from US$ 1,677/ton in the previous month to be US$ 1,769/ton in November 2017.

The increasing referential price and ERP of cocoa seed happens for the better international price. It influences the OF to be 5%. It is written in Column 2, II, B, Regulation of Secretary of Treasure No.13/PMK.010/2017. (T2)

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