InfoSAWIT, JAKARTA – Crude palm oil (CPO) reference price to decide out fee and levy on Public Service Obligation Palm Plantation Fund Management Agency (PSO PFMA) on 1–15 February 2023 is US$ 879,31/metric ton (MT).

The numbers get cheaper US$ 41,26 or about 4,48 percent on 16—31 January 2023 which was US$ 920,57/MT. It is written on the Decision of Minister of Trade Number 114 / 2023 about Crude Palm Oil Reference Price that is Charged Out Fee and Levy on Public Service Obligation Plantation Fund Management Agency.

Besides, palm cooking oil (refined, bleached, and deodorized/RBD Palm Olein) in branded packaged within net weight ≤ 25 kg would be having OF for USD 0/MT. the decision of branded products is written on the Decision of Minister of Trade Number 115 / 2023 about Brand Lists on Refined, Bleached, and Deodorized (RBD) Palm Olein packaged within net weight ≤ 25 KG.

“CPO reference price gets decreasing for it is almost the same with threshold USD 680/MT. That is why referring to the Regulation of Minister of Finance (RMF), the government decided CPO OF would be US$ 52/MT and CPO levy would be US$ 90/MT on 1—15 February 2023,” General Director of Foreign Trade, Budi Santoso said, as in the official statement InfoSAWIT, Wednesday (1/2/2023).

CPO OF on 1—15 February 2023 refers to Colom Number 5, Attachment Letter C, RMF Number 123/PMK.010/2022 which is US$ 52/MT. While CPO levy on 1—15 February 2023 refers to Attachment Letter C, RMF Number 154/PMK.05/2022 which is US$ 90/MT.

Budi Santoso continued the cheaper CPO reference price happens for some factors, such as, the decreasing demands from India and China, the increasing ringgit currency towards US dollar, and the expensive other vegetable oils because of the decreasing production in America.

What InfoSAWIT calculated, CPO OF and levy are 16% discount to purchase palm oil products. The numbers are expensive enough compared to OF in Malaysia which only cut 8% only. (T2)