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June 2021 CSF and Export Tax Reach US$ 438/Ton in total, Cut 36% of CPO Price



June 2021 CSF and Export Tax Reach US$ 438/Ton in total, Cut 36% of CPO Price

PalmOilMagazine, JAKARTA – Crude palm oil (CPO) referential price to decide Out Fee (OF) in June 2021 is US$ 1.223,90/Metric Ton (MT). It increases US$ 113,22 or 9,25% from May 2021 which was US$ 1.110,68/MT. It is written in Regulation of Minister of Trade No. 34 / 2021 about Export Referential Price Decision on Agriculture and Forestry Products having Out Fee.

“CPO referential price increases and beyond the threshold US$ 750/MT. The government decided CPO OF is US$ 183/MT in June 2021,” General Director of Foreign Trade in duty, Indrasari Wisnu Wardhana said, as in the official statement to PalmOilMagazine, Wednesday (2/6/2021).

CPO OF in June 2021, referring to Colum 11, Attachment I, C, Regulation of Minister of Finance (RMF) No. 166/PMK.010/2020 is US$ 183/MT. The numbers change from CPO OF in May 2021 which was US$ 144/MT.

Meanwhile CPO Supporting Fund (CSF) that Palm oil Plantation Fund Management Agency (PFMA) managed according to RMF No. 191/PMK.05/2020 in June 2021, referring to what Minister of Trade decided, is categorized more than US$ 995/ton and the CSF should be US$ 255/ton.

In June 2021, if the two are combined in total, it would be US$ 438/ton. PalmOilMagazine calculated, CSF and export tax or Out Fee in total cut off CPO price about 36%.  (T2)


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