Agricom.id

The CPO OF is Zero, Cocoa OF is 5%




The CPO OF is Zero, Cocoa OF is 5%
Agricom.id

03 June 2020 , 06:35 WIB

Agricom.id, JAKARTA - The crude palm oil (CPO) referential price to decide out fee (OF) in June 2020 is US$ 568,94/ton. It is decreasing US$ 66,21 or smaller about 10,42% than it in May 2020 which was US$ 535,15/ton.

The decision is listed in Regulation of Minister of TradeNo. 55 / 2020 about the Export Referential Price (ERP) on the Agriculture and Forestry Products Having Out Fee.

“The CPO referential price is less than USD 750/metric ton (MT). The government decided that the CPO OF is USD 0/ton in June 2020,” General Director of Foreign Trade, Ministry of Trade, Indrasari Wisnu Wardhana said, as in the official statement to Agricom.id, Saturday (30/5/2020)

The CPO OF in June 2020 is listed in the Column 1, Attachment II, C, Regulation of Minister of Finance No.13/PMK.010/2017 reaching US$ 0/ton. The number is the same with the CPO OF in May 2020 which was US$ 0/ton.

Meanwhile the cocoa referential price in June 2020 is US$ 2.392,59/ton, or increases 4,79% or US$ 109,45 from the previous month which was US$ 2.283,14/ton. This influences the increasing ERP of cocoa in June 2020 to be US$ 2.108/ton, or increases 5,35% or about US$ 107 from the previous period which was US$ 2.001/ton.

The increasing referential price and ERP of cocoa happen for the better international price. It does not influence to the cocoa OF which remains 5%. It is listed in the Column 2, Attachment II, B, Regulation of Minister of Finance No.13/PMK.010/2017.

While the ERP and OF of wood and skin products have no change from the previous period. It is listed in Attachment II, A, Regulation of Minister of Finance No.13/PMK.010/2017. (A2)

 


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