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NEWS ADMIN

DATE

29/08/2019

NEWS PROVIDER

Nur Aisha Abd. Wahab

NEWS SOURCE

Reuters

CATEGORY

HEADLINE

Indonesia's September palm oil, cocoa export tax to remain unchanged
Reuters (28/08/2019) - JAKARTA, Aug 28 (Reuters) -

* Indonesia will keep export tax for crude palm oil (CPO) at zero and for cocoa beans at 5% for September, Trade Ministry data showed on Wednesday.

* The trade ministry set CPO reference price at $555.6 per tonne for September and cocoa beans reference price at $2,306.5 per tonne.

* Indonesia collects export taxes for CPO when the reference price is above the $750 per tonne threshold, and collects export levies when the price is $570 per tonne. (Reporting by Bernadette Christina Munthe Writing by Fransiska Nangoy; Editing by Sriraj Kalluvila)

Read more at https://af.reuters.com/article/commoditiesNews/idAFL3N25O1VW