The export reference price of the farm commodity for April shipment was US$3,203 per ton compared to US$3,021 per ton a month earlier, Director General of Foreign Trade at the Trade Ministry Deddy Saleh said here on Tuesday.
Since April last year, the government has applied progressive export tax on cocoa beans by referring to the global cocoa prices.
Under the finance minister`s regulation number 67 of 2010, export tax on cocoa beans uses the reference price based on the average CIF price of New York Board of Trade in the previous month.
The global price of cocoa beans continued to increase in the past couple of months, hitting a record high of US$3,500 per ton after Ivory Coast, one of the world`s biggest cocoa bean producers, suspended its cocoa bean exports because of political turmoil engulfing the African country.
Indonesia is also one of the world`s biggest cocoa bean producers.
Data from the Trade Ministry show Indonesia`s cocoa bean exports in the January-November 2010 period rose to US$1.38 billion compared with US$1.17 billion in the same period a year earlier.(*)
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Editor: Jafar M Sidik
Copyright © ANTARA 2011
