JAKARTA – On October 2014, the Out Fee or the export tax in palm oil will be 0% which was 9% in September. But Vice Secretary of Trade, Bayu Krisnamurthi hoped, all palm oil businessmen should not quickly export the goods.
"If the stock gets bigger, the price will be pressed and the demand stays still. I suggest, businessmen should not quickly export palm oil in large numbers though the Out Fee becomes 0%,” he said, Friday (26/9/2014), as witten in Citra Indonesia.
The average price of CPO decreased about US$740/tonsto be US$650-US$660/tons. (T3)
