April 2021: Reference Price Gets Better, BK CPO US$ 116/MT and Cocoa Seeds 5%

April 2021: Reference Price Gets Better, BK CPO US$ 116/MT and Cocoa Seeds 5%
Agricom.id

06 April 2021 , 06:47 WIB

Agricom.id, JAKARTA – Crude palm oil (CPO) reference price to decide Out Fee (OF) in April 2021 is US$ 1.093,83/metric ton (MT). It gets better US$ 57,61 or 5,56% that it in March 2021 which was US$ 1.036,22/MT. It was listed in Regulation of Minister of Trade No. 11 / 2021 about The Decision of Export Reference Price on Agriculture and Forestry Products Having Out Fee.

“Now CPO reference price gets increasing and more than its threshold which is US$  750/MT. The government decided, CPO OF is US$ 116/MT in April 2021,” General Director of Foreign Trade Ministry of Trade, Didi Sumedi said, as in the official statement to Agricom.id  recently.

CPO OF in April 2021 is written in Colom 8, Attachment II, C, Regulation of Minister of Finance No. 166/PMK.010/2020 which is US$ 116/MT. The numbers changed from CPO OF in March 2021 which was US$ 93/MT.

Meanwhile cocoa seed reference price in April 2021 is US$ 2.565/MT or increased 2,6% or US$ 65,96 from the previous month which was US$ 2.499,04/MT. This increased the cocoa seed export reference price in April 2021 to be US$ 2.276/MT, or increased 2,94 % or US$ 65 from the previous period which was US$ 2.211/MT.

The increasing CPO reference price happens for the better price in international level while the export reference price of cocoa seeds does the same. It does not influence to cocoa seed OF which remains 5%. This was listed in Colom 2, Attachment II, B, Regulation of Minister of Finance No. 166/PMK.010/2020.

Export reference price has no change from the previous month. Wood and leather product OF was listed in Attachment II, A, Regulation of Minister of Finance No. 166/PMK.010/2020.

The Regulation of Minister of Trade No. 11 / 2021 about Export Reference Price on Agriculture and Wood products having Out Fee could be downloaded at http://jdih.kemendag.go.id/peraturan/detail/2093/2 (A2)

 


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