InfoSAWIT, JAKARTA – Crude palm oil (CPO) reference price to decide Out Fee and tariff in Palm Oil Plantation Fund Management Agency (PFMA) or known as levy on 1–15 April 2023 would be US$ 898,29/metric ton (MT). The numbers got cheaper US$ 13,12 or 1,44 percent from CPO reference price on 16 – 31 March 2023. It is written in the Decision of Minister of Trade Number 889 / 2023 about Crude Palm Oil Reference Price that is Charged Out Fee and Public Service Obligation at Palm Oil Plantation Fund Management Agency.
Besides, palm cooking oil (refined, bleached, and deodorized/RBD palm olein) in branded packages within net weight ≤ 25 kg would be charged Out Fee for US$ 0/MT within brand decision as registered in the Decision of Minister of Trade Number 890 / 2023 about Lists of Brand of Refined, Bleached, and Deodorized (RBD) Palm Olein in Branded Packages within net weight ≤ 25 Kg.
“Now CPO reference price gets cheaper and almost in the same numbers of threshold at US$ 680/MT. That is why referring to the available Regulation of Minister of Finance (RMF), the government decided that CPO out fee would be US$ 74/MT and CPO levy would be US$ 95/MT on 1—15 April 2023,” General Director of Foreign Trade Ministry of Trade, Budi Santoso said, as in the official statement to InfoSAWIT, Monday (3/4/2023).
CPO out fee on 1 – 15 April 2023 refers to Colom Number 6, Attachment Letter C, RMF Number 39/PMK/0.10/2022 juncto Number 123/PMK.010/2022 which is US$ 74/MT. Meanwhile CPO levy on 1 – 15 April 2023 refers to Attachment Letter C, RMF Number 103/PMK.05/2022 juncto 154/PMK.05/2022 which is US$ 95/MT. it means, CPO out fee and levy would be US$ 169/ton in total or CPO price discount would be about 20%.
Budi continued, CPO reference price happened for some factors, such as, the concern of financial crisis in the globe because of the crisis in Bank Sillicon Valley in the USA and Credit Suisse in Europe, the cheaper other vegetable oils, such as, soyoil and rapeseed oil.
“And the better ringgit currency towards US and British dollar which cut off the tariff after joining Trans-Pacific Partnership (TPP) with some countries, such as, Malaysia,” Budi said. (T2)
