The Government is Studying to Rerun CSF

Ministry of Trade, Enggartiarto Lukita
The Government is Studying to Rerun CSF

InfoSAWIT, JAKARTA – Since December 2018, Palm oil Plantation Fund Management Agency (PFMA) has not taken the export citation or famously known as Crude palm oil Supporting Fund (CSF) based on the Regulation of Ministry of Treasury No. 152/PMK.05/2018 about the change of Regulation of Ministry of Treasury No. 81/PMK.05/2018 about the Public Service Obligation Tariff of PFMA to Ministry of Treasury.

The regulation noted that the CSF is not effective if the crude palm oil (CPO) is less than  US$ 570 per ton and would be run again if it is about US$ 570 to US$ 619 per ton within the CSF about US$ 25 per ton. The CSF would be normal to be US$ 50/ton if CPO is more than US$ 619 per ton.

But it seems that the policy would be substituted and be potential to run again because the CPO is getting better in price.

Minister of Trade, Enggartiarto Lukita said that his side is studying the decision to re-run the CSF while seeing the crude oil price in the world. “It is being studied in this week. We would see the progress because the CPO is in fluctuation,” he said.

Meanwhile Chairman of Indonesian Palm Oil Association (IPOA), Joko Supriyono said that his side would obey what the government regulates about the CSF. “We obey and run the regulation if it (CSF) runs again,” he said in the office of Coordinator Ministry of Maritime. (T2)


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