Agricom.id, JAKARTA – Crude palm oil (CPO) reference price to decide Out Fee in May 2021 is US$ 1.110,68/Metric Ton (MT). It increases US$ 16,85 or 1,54% from April 2021 which was US$ 1.093,83/MT. It is written in the Regulation of Minister of Trade No. 27 / 2021 about Export Reference Price (ERP) Decision on Forestry and Agricultural Products having Out Fee.
“CPO reference price gets increasing and surpasses the threshold, US$ 750/MT. The government decided CPO OF is US$ 144/MT in May 2021,” General Director of Foreign Trade, Didi Sumedi said, as in the official statement to Agricom.id.
CPO OF in May 2021 refers to Column 9, Attachment I, C, Regulation of Minister of Finance (RMF) No. 166/PMK.010/2020 which is US$ 144/MT. The numbers changed from CPO OF in April 2021 which was US$ 116/MT.