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May 2021 Total CPO and Palm Oil Levies of US $ 399 / Ton, Cut CPO Prices by 35%



May 2021 Total CPO and Palm Oil Levies of US $ 399 / Ton, Cut CPO Prices by 35%

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.

Meanwhile, for palm oil levies managed by the Palm Oil Plantation Fund Management Agency (BPDP-KS) in accordance with PMK No. 191 / PMK.05 / 2020, for the period May 2021, referring to the reference price set by the Ministry of Trade, it is included in the tariff group above US $ 995. / ton, that is, palm oil levies are imposed as much as US $ 255 / ton.
 
So that for the period of May 2021, when combined in total the policies between Palm Levies and BK CPO, which are imposed on export products of crude palm oil (CPO) are US $ 399 / ton. Referring to InfoSAWIT's calculations, the total palm oil levies and BK CPO cut palm oil prices by around 35%. (T2)

 

 


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