According to Ministry of Trade, the crude palm oil (CPO) referential price to decide Out Fee (OF) in February 2019 is US$ 565,40/ton. It gets better US$ 62,10 or 12,34% from January 2019 which was US$ 503,30/ton.
“Now the CPO referential price is still less than US$ 750/ton. So the government decided, the CPO OF in February 2019 is zero,” General Director of Foreign Trade, Ministry of Trade, Oke Nurwan said in the official statement toInfoSAWIT, Monday (28/1/2019).
It is listed in the Regulation of Ministry of Trade No. 3 / 2019 about the Export Referential Price on the Forestry and Agricultural Products having Out Fee.
It is listed to in the Column 1, Attachment II, C, Regulation of Ministry of Finance No. 13/PMK.010/2017 which is US$ 0/ton. The number is the same with CPO OF in December 2018 which is US$ 0/ton.