01 Aug 2016

Reference price for CPO product falls 5.02 percent

Reference price for CPO product falls 5.02 percent. `The CPO reference price is currently declining again and is below the US$750 export tax threshold. For this reason, the government has imposed an export tax (BK) of zero US dollars per metric ton for the August 2016 period,` said Director General for Foreign Trade of the Ministry of Trade Dody Edward in a press release received on Friday.This represents a decrease of US$35.74 compared with the July 2016 period which was US$711.98 per metric ton. The determination is listed in the Regulation of the Minister of Trade (Permendag) Number 50/M-DAG/PER/7/2016 concerning the Determination of the Reference Export Price (HPE) for Agricultural and Forestry Products Subject to Export Tax.The CPO export tax for August 2016 listed in Column 1, attachment, PMK 136 of 2015, is at zero US dollars per metric ton, which is the same as the CPO export tax for the July 2016 period at US$0/metric ton.Meanwhile, the reference price for cocoa beans in August 2016 has increased by US$35 or 1.15 percent from US$3,043.95 per metric ton to US$3,078.95 per metric ton.This has an impact on the determination of the HPE for cocoa beans which has also increased by US$34 or 1.2 percent from US$2,743 per metric ton, so that for the August 2016 period it is US$2,777 per metric ton.The decrease in the reference price and HPE for cocoa beans is due to the decline in the international price of this commodity.However, the cocoa bean export tax has not changed compared with the previous period, which was 10 percent, as listed in column 3 attachment II of PMK 75 of 2012.
Editor: Ruslan Burhani
http://www.antaranews.com/berita/575818/harga-referensi-produk-cpo-turun-502-persen
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"The CPO reference price is currently declining again and is below the US$750 export tax threshold. For this reason, the government has imposed an export tax (BK) of zero US dollars per metric ton for the August 2016 period," said Director General for Foreign Trade of the Ministry of Trade Dody Edward in a press release received on Friday.

This represents a decrease of US$35.74 compared with the July 2016 period which was US$711.98 per metric ton. The determination is listed in the Regulation of the Minister of Trade (Permendag) Number 50/M-DAG/PER/7/2016 concerning the Determination of the Reference Export Price (HPE) for Agricultural and Forestry Products Subject to Export Tax.

The CPO export tax for August 2016 listed in Column 1, attachment, PMK 136 of 2015, is at zero US dollars per metric ton, which is the same as the CPO export tax for the July 2016 period at US$0/metric ton.

Meanwhile, the reference price for cocoa beans in August 2016 has increased by US$35 or 1.15 percent from US$3,043.95 per metric ton to US$3,078.95 per metric ton.

This has an impact on the determination of the HPE for cocoa beans which has also increased by US$34 or 1.2 percent from US$2,743 per metric ton, so that for the August 2016 period it is US$2,777 per metric ton.

The decrease in the reference price and HPE for cocoa beans is due to the decline in the international price of this commodity.

However, the cocoa bean export tax has not changed compared with the previous period, which was 10 percent, as listed in column 3 attachment II of PMK 75 of 2012.

Editor: Ruslan Burhani

http://www.antaranews.com/berita/575818/harga-referensi-produk-cpo-turun-502-persen

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