InfoSAWIT, JAKARTA - Crude palm oil (CPO) reference price to decide Out Fee (OF) in February 2022 is US$ 1.314,78/metric ton (MT). It increases US$ 7,02 or 0,54 percent from January 2022 which was US$ 1.307,76/MT. It was listed in Regulation of Minister of Trade Number 5 / 2022 about Export Reference Price on Forestry and Agricultural Products on Out Fee.

 “CPO reference price surpassed threshold which is US$ 750/MT. The government decided to put CPO OF about USD 200/MT in February 2022,” General Director of Foreign Trade, Indrasari Wisnu Wardhana said, as in the official statement to InfoSAWIT, Friday (28/1/2022).

CPO OF in February 2022 refers to Colum 12, I, C, Regulation of Minister of Finance Number 1/PMK.010/2022 which is US$ 200/MT. The numbers have no difference with January 2022 CPO OF.

Some factors influenced CPO reference price, they are, the decreasing CPO supply for the intense rain in Indonesia and Malaysia, the lack of palm oil workers in Malaysia because of pandemic which also had something to do with CPO productivity. “Expensive crude oil in the globe influenced the alternative fuel price,” Indrasari said.

Palm oil export tax that Palm Oil Plantation Fund Management Agency (PFMA) manages according to Regulation of Minister of Finance No. 76/PMK.05/2021, in periode February 2022, referring to CPO reference price that Ministry of Trade decided is categorized ‘more than US$ 1.000/ton. CPO tax is US$ 175/MT.

It means in January 2022, if totally combined between CPO OF and tax to CPO exports, they reach US$ 375/MT. InfoSAWIT calculated, total CPO OF and tax have decreased CPO price about 28,5%. (T2)