InfoSAWIT, JAKARTA – Crude palm oil (CPO) reference price to decide Out Fee (OF) at Public Service Obligation Palm Oil Plantation Fund Management Agency (PFMA) or levy on 16 – 31 January 2023, is US$ 920,57/ton. The numbers increase US$ 61,61 or 7,17% from 1 — 15 January 2023, which was US$ 858,96/ton.

It was written on the Decision of Minister of Trade Number 53 / 2023 abut Crude Palm Oil Reference Price that is Charged Out Fee and ley on Public Service Obligation Palm Oil Plantation Fund Management Agency.

General Director of Foreign Trade, Budi Santoso said that CPO reference price increases and more than the threshold which is US$ 680/ton.   “That is why according to the Regulation of Minister of Finance (RMF), the government decided CPO OF would be US$ 74/ton and CPO levy would be US$ 95/metric ton (MT) on 16 — 31  January  2023,”  he said, as in the official statement to InfoSAWIT, Tuesday (17/1/2023).

CPO levy on 16 ─ 31 January 2023 refers to Colom Number 6, Attachment alphabet C, RMF Number 123/PMK.010/2022 which is US$ 74/ton. CPO export citation on 16 — 31 January 2023 refers to Attachment alphabet C, RMF Number 154/PMK.05/2022 which is US$ 95/ton.

It means, CPO OF and levy are US$ 169/ton and increase from the previous period on 1 — 15 January 2023 which was US$ 147/ton.

Budi Santoso continued, the increasing CPO reference price happened for some factors, such as, the substitution of biodiesel mandatory program from B30 to be B35, the better Malaysia currency towards American dollar, and the CPO decreasing production because of rainy season in Indonesia and Malaysia. (T2)