InfoSAWIT, JAKARTA – Crude palm oil (CPO) reference price (RP) to decide Out Fee and tariff in Palm Oil Plantation Fund Management Agency (PFMA) or known as export levy on 16 - 31 December 2023 got cheaper to be US$ 767,51/metric ton (MT). The numbers decreased US$ 27,63 or 3,47 percent from on 1 - 15 December 2023 that was US$ 795,14/MT.

“CPO RP is getting cheaper and hardly the same with the threshold which is US$ 680/MT. according to regulation of minister of finance (RMA), the government decided that CPO OF would be US$ 18/MT and CPO levy would be US$ 75/MT in the second period of December 2023,” General Director of Foreign Trade Ministry of Trade, Budi Santoso said, as in the official statement to InfoSAWIT, Friday (15/12/2023).

He also mentioned the cheaper CPO OF happened for some factors, such as, the increasing CPO production in the world which was not the same with the demands (decreasing demands) that might happen from India and China, and decreasing imports in European Union. It also happened for other vegetable oils and crude oil got cheaper in the world.

According to RMA Number 39/PMK/0.10/2022 juncto (jo.) Number 71 / 2023, CPO OF on 16-31 December 2023 is written in the column number three, attachment letter c, which is US$ 18/MT.  

According to RMA Number 103/PMK.05/2022 jo. Number 154/PMK.05/2022, CPO levy on 16-31 December 2023 is written in column number three attachment letter C which is US$ 75/MT.

It means CPO OF and levy reached US$ 93/MT, they decrease compared to on 1–15 December 2023 which was US$ 118/MT. (T2)