InfoSAWIT, JAKARTA – Crude palm oil (CPO) reference to decide out fee (OF) in October 2020 is US$ 768,98/metric ton (MT). It increased US$ 30,91 or 4,19% from September 2020 which was US$ 738,07/MT.
It is listed in the Regulation of Minister of Trade 75 / 2020 about the Decision of Export Referential Price (ERP) on the Agricultural and Forestry Products having Out Fee
“The CPO referential price surpassed the threshold US$ 750/MT. The government decided that CPO OF is US$ 3/MT in October 2020,” General Director of Foreign Trade, Ministry of Trade, Didi Sumedi said, as in the official statement to InfoSAWIT, Thursday (1/10/2020).
The CPO OF in October 2020 is listed in Colom 2, Attachment II, C, Regulation of Minister of Finance No.13/PMK.010/2017 which is US$ 3/MT. The number increased from the CPO OF in September 2020, which was US$ 0/MT. (T2)