Referring to the crude palm oil (CPO) price to decide Out Fee (OF) for January 2019 that reached US$ 503,30/ton, it gets cheaper US$ 46,07 or 8,39% from December 2018 that is US$ 549,37/ton.
“The CPO referential price gets weaker and it is less than US$ 750/ton. So the government decided the CPO OF is US$ o/ton in January 2019,” General Director of Foreign Trade, Ministry of Trade, Oke Nurwan said in the official statement to InfoSAWIT.
The decision is listed in the Regulation of Ministry of Trade No. 123 / 2019 about the Export Referential Price Decision on the Forestry and Agricultural Products having the Out Fee.
The CPO OF in January 2019 is listed in the Column 1, Attachment II, C, Regulation of Minister of Finance No. 13/PMK.010/2017 that is US$ 0/ton. The number is the sae with the CPO OF in December 2018 that reaches US$ 0/ton.