KPBN News

April 2020 CPO Reference Price Down US$132

03 Apr 2020

April 2020 CPO Reference Price Down US$132. In the Regulation of the Minister of Trade No. 29/2020 concerning the Determination of Export Reference Price (HPE) for Agricultural and Forestry Products Subject to Export Duty, the CPO reference price was set at US$653.76 per ton.
The reference price fell by 16.89 percent or around US$132.87 compared to the reference price for the period of March 2020, which was at US$786.63 per ton.
"Currently, the CPO reference price is at a level below US$750 per ton. For that reason, the government imposed an export duty for CPO of US$0/ton for the period of April 2020," said the Director General of Foreign Trade of the Ministry of Trade, Indrasari Wisnu Wardhana, as quoted from a press release received by Bisnis, Friday (27/3/2020).
The CPO export duty for April 2020 is listed in Column 1, Appendix II, Letter C of the Regulation of the Minister of Finance No. 13/PMK.010/2017 amounting to US$0 per ton. This value decreased from the previous month's CPO export duty for the period of March 2020, which was US$3 per ton.
Meanwhile, the reference price for cocoa beans in April 2020 was at US$2,589.37 per ton, down by 8.12 percent or US$228.74 compared to March, which was at US$2,818.11 per ton.
This resulted in a decrease in the HPE for cocoa beans in April 2020 to US$2,299 per ton, down by 8.88 percent or US$224 from the previous period, which was at US$2,523 per ton.
Wisnu explained that the decrease in the reference price and HPE for cocoa beans was caused by the weakening of international prices.
This decrease had an impact on the cocoa bean export duty, which fell to 5 percent (last month's period was 10 percent). This is stated in column 2, Appendix II, Letter B of the Regulation of the Minister of Finance No. 13/PMK.010/2017.
Meanwhile, for the HPE and export duty of wood and leather products, there were no changes from the previous month's period. The export duty for wood products and leather products is stated in Appendix II, Letter A of the Regulation of the Minister of Finance No. 13/PMK.010/2017.
https://ekonomi.bisnis.com/read/20200327/12/1218899/ditetapkan-us65376-harga-referensi-cpo-april-2020-turun-16

In the Regulation of the Minister of Trade No. 29/2020 concerning the Determination of Export Reference Price (HPE) for Agricultural and Forestry Products Subject to Export Duty, the CPO reference price was set at US$653.76 per ton.
The reference price fell by 16.89 percent or around US$132.87 compared to the reference price for the period of March 2020, which was at US$786.63 per ton.
"Currently, the CPO reference price is at a level below US$750 per ton. For that reason, the government imposed an export duty for CPO of US$0/ton for the period of April 2020," said the Director General of Foreign Trade of the Ministry of Trade, Indrasari Wisnu Wardhana, as quoted from a press release received by Bisnis, Friday (27/3/2020).
The CPO export duty for April 2020 is listed in Column 1, Appendix II, Letter C of the Regulation of the Minister of Finance No. 13/PMK.010/2017 amounting to US$0 per ton. This value decreased from the previous month's CPO export duty for the period of March 2020, which was US$3 per ton.
Meanwhile, the reference price for cocoa beans in April 2020 was at US$2,589.37 per ton, down by 8.12 percent or US$228.74 compared to March, which was at US$2,818.11 per ton.
This resulted in a decrease in the HPE for cocoa beans in April 2020 to US$2,299 per ton, down by 8.88 percent or US$224 from the previous period, which was at US$2,523 per ton.
Wisnu explained that the decrease in the reference price and HPE for cocoa beans was caused by the weakening of international prices.
This decrease had an impact on the cocoa bean export duty, which fell to 5 percent (last month's period was 10 percent). This is stated in column 2, Appendix II, Letter B of the Regulation of the Minister of Finance No. 13/PMK.010/2017.
Meanwhile, for the HPE and export duty of wood and leather products, there were no changes from the previous month's period. The export duty for wood products and leather products is stated in Appendix II, Letter A of the Regulation of the Minister of Finance No. 13/PMK.010/2017.
https://ekonomi.bisnis.com/read/20200327/12/1218899/ditetapkan-us65376-harga-referensi-cpo-april-2020-turun-16

April 2020 CPO Reference Price Down US$132

Popular Articles

The Leadership Transition: SEVP of Operations at PT KPBN Officially Changes

PT KPBN Coffee Auction Market: A New Step to Increase Commodity Selling Value

PT KPBN Distributes CSR Assistance to Flood Victims in Bekasi

PT KPBN Shares 30 Days of Takjil & 500 Sarongs Through the Cut Meutia Mosque Foundation

Indonesia's Coffee Industry is Moving Towards a New Era Driven by Buyer-Focused Commodity Auction Markets