CPO export duty in June remains at 19.5 pct

Jakarta (ANTARA News) - The Trade Ministry has set the tariff of export duty on crude palm oil (CPO) for June 2012 shipment at 19.5 percent, which is the same as the previous month.

"The CPO reference price for June is US$1,169.58 per ton so the tariff of export duty is 19.5 percent," Director General of Foreign Trade at the Trade Ministry Deddy Saleh said in an e-mailed statement on Thursday.

The government set the export benchmark price of CPO at US$1,098 per ton based on the average CPO price in the past month at the Indonesia Commodity and Derivatives Exchange (BKDI) and the Rotterdam Commodity Exchange in the Netherlands.

The government also set the export benchmark prices of palm oil derivative products in US dollar per ton as follows :

1. Palm oil fruit and kernel: 465

2. Palm oil residue: 1410

3. Crude palm kernel oil (CPKO):1,250

4. Crude palm olein : 1,100

5. Crude palm stearin : 1,095

6. Crude palm kernel olein : 1,250

7. Crude palm kernel stearin : 1,250

8. Palm fatty acid distillate (PFAD) : 1,054

9. Hydrogenated palm oil (bulk)>20kg : 1,097

10. Hydrogenated palm kernel oil (bulk)>20kg : 1,300

11. Hydrogenated palm olein (bulk)>20kg : 1,127

12. Hydrogenated palm kernel olein (bulk) >20kg : 1,245

13. Hydrogenated palm kernel stearin (bulk) >20kg : 1,245

14. Hydrogenated palm stearin (bulk) >20kg : 1.131

15. Refined, bleached and deodorized (RBD) palm olein (bulk) >20 kg : 1,113

16. RBD palm oil : 1,106

17. RBD palm kernel oil : 1,391

18. RBD palm kernel olein : 1,272

19. RBD palm kernel stearin : 1.693

20. RBD palm stearin : 1,099

21. Hydrogenated RBD palm olein : 1,142

22. Hydrogenated RBD palm oil : 1,135

23. Hydrogenated RBD palm kernel oil : 1,418

24. Hydrogenated RBD palm kernel olein : 1,299

25. Hydrogenated RBD palm kernel stearin : 1,724

26. Hydrogenated RBD palm stearin : 1,135

27. RBD palm olein (branded pack) 20kg : 1,113

28. Biodiesel of palm oil (FAME) : 1,108.



Indonesia is the world`s palm oil producer. Last year, the country produced 23.5 million tons of CPO. The figure is projected to increase to around 25 million tons this year.

The government imposes export duties on palm oil and a number of its derivative products to encourage the domestic downstream palm oil industry.  (*)

Comments