Indonesia Rises May Palm Oil Export Tax to 19.5%

Fri, 04/27/2012 - 23:32

Indonesia rises May Palm Oil Export Tax to 19.5% from 18% previously and kept the tariff on cocoa bean exports at 5%, Deddy Saleh, Director General of Foreign Trade at the Trade Ministry said in an email today.

The base price to calculate the levy for CPO exports in May was raised to US$1,120 per ton from US$1,076 per ton in April. The base price for cocoa beans exports was lowered to US$1,941 per ton from US$2,345 per ton.

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