CPO OF in June is Still Zero

CPO OF in June is Still Zero

InfoSAWIT, JAKARTA – According to Ministry of Trade, the crude palm oil (CPO) referential price to decide Out Fee (OF) in June 2018 is US$ 687,39/ton.

It gets cheaper US$ 15,81 or 2,25% from May 2018 reaching US$ 703,20/ton. “The CPO referential price gets cheaper and it is still less than US$ 750/ton. So the government decided, the CPO OF would be US$ 0/MT (metric ton) in June 2018,”  General Director of Foreign Trade, Ministry of Trade, Oke Nurwan said in the official statement to InfoSAWIT.

The decision is listed in the Regulation of Minister of Trade No. 60 / 2018 about the Export Referential Price Decision on the Forestry and Agricultural Products having Out Fee.

CPO OF in June 2018 is also listed in Column 1, Attachment II, C, Regulation of Minister of Treasury No. 13/PMK.010/2017 reaching US$ 0/ton. The number is the same with CPO OF in May 2018, that is,US$ 0/ton. (T2)


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