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Published on: Saturday, December 05, 2020
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The combined levy and duty on crude palm oil exports from Indonesia will now total $213/mt for December cargoes.
JAKARTA: The Indonesian government has raised the export levy on crude palm oil to $180/mt from $55/mt earlier, with effect from Dec. 10, according to a finance ministry document seen by S&P Global Platts.
The move follows the rise in CPO export duty on Nov. 30. The export duty was raised to $33/mt from $3/mt, as the reference price on CPO exports in December was calculated higher at $870.77/mt.
The combined levy and duty on crude palm oil exports from Indonesia will now total $213/mt for December cargoes.