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Indonesia Sets CPO Reference Price for 2H May at $893.23/mt with Lower Export Levy

Indonesia, the world’s largest producer of crude palm oil (CPO), has set the CPO reference price for the second half of May at $893.23/mt, with a lower export levy of $7.50/mt. This is the first time the CPO reference price has been set since the government announced its new export levy policy in April.

The new export levy policy, which was implemented in April, is aimed at boosting the country’s CPO exports and stabilizing the domestic market. The policy allows producers to set their own export levy, which is lower than the government-mandated rate of $10/mt.

The CPO reference price is set by the Indonesian government and is used to calculate the export levy. The reference price is based on the average price of CPO in the domestic market over a two-week period.

The new reference price is lower than the previous reference price of $912.50/mt, which was set in April. This is due to a decrease in the price of CPO in the domestic market over the past two weeks.

The lower export levy is expected to boost CPO exports from Indonesia, as producers will be able to sell their product at a lower price. This could help to stabilize the global CPO market, as Indonesia is the world’s largest producer of CPO.

The new reference price and export levy are expected to remain in place until the end of May.

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The Indonesian government has set the CPO reference price for the second half of May at $893.23/mt, with a lower export levy of $7.50/mt. This is the first time the CPO reference price has been set since the government announced its new export levy policy in April. The new policy is aimed at boosting the country’s CPO exports and stabilizing the domestic market. The lower export levy is expected to boost CPO exports from Indonesia, as producers will be able to sell their product at a lower price. This could help to stabilize the global CPO market, as Indonesia is the world’s largest producer of CPO. The new reference price and export levy are expected to remain in place until the end of May.

Summary: The Indonesian government has set the CPO reference price for the second half of May at $893.23/mt, with a lower export levy of $7.50/mt. This new policy is aimed at boosting the country’s CPO exports and stabilizing the domestic market. The lower export levy is expected to boost CPO exports from Indonesia, which could help to stabilize the global CPO market. The new reference price and export levy are expected to remain in place until the end of May.