Indonesia raised the benchmark price of CPO in November

Indonesia will increase the benchmark price of crude palm oil (CPO) to $961.97 per tonne in November from $893.64 in October. The export duty for November will be $124 per ton. The country also imposes an additional fee of 7.5% on CPO exports. Malaysia has also increased its export duty on CPO to 9.5%.

Indonesia will raise the benchmark price of crude palm oil (CPO) in November to $961.97 per tonne from $893.64 in October, Reuters reported on Wednesday, citing trade ministry spokesman Farid Amir. The new price sets the export duty for November at $124 per ton. Indonesia also charges an additional fee of 7.5% of the base price for CPO exports, duty on refined products ranges from 3% to 6% of the base price. Earlier it became known, Malaysia raised the export duty on CPO for the first time in three years to 9.5%. For almost 30 years of expertise in the agri markets, UkrAgroConsult has accumulated an extensive database, which became the basis of the platform AgriSupp. It is a multi-functional online platform with market ...