JAKARTA – The government of Indonesian Republic, through the Ministry of Trade seems to make the same policy as what Malaysia has made, that is, making the crude palm oil (CPO) Out Fee (OF) in next April.

Since October 2014 until March 2015, the government did not put export tax or OF on the CPO for the CPO price keeps decreasing until not more than US$ 750/ ton.

General Director of Foreign Trade, Ministry of Trade, Partogi Pangaribuan said, his side with Fiscal Policy Agency (FPA), Ministry of Treasury will make CPO OF on the CPO about US$ 500-600/tons.

“Since 6 last months, we do not make CPO OF for it is beyond threshold US$ 750/tons. So to keep it balance in the domestic, the meeting in the FPA had been done to make OF with the decreasing threshold  and it is being discussed, about 500 – to 600,” he explained in Jakarta, Tuesday (17/3). (T3)