CPO prices maintained

JAKARTA (JP): The Ministry of Industry and Trade has maintained reference prices used to calculate the payment of export taxes on crude palm oil (CPO) and its by-products.

The ministry said on Wednesday the new reference prices would be effective until May 8.

The reference price of CPO is maintained at US$430 per metric ton. The reference price of oil palm kernel is set at $90 per ton, refined bleached deodorized (RBD) palm oil is $435 per ton, crude palm olein is $445 per ton and RBD palm olein is $460 per ton.

The reference price of RBD palm olein in branded packages up to 5 kilograms was set at $520 per ton, while the reference price for crude palm stearin was established at $300 per ton. The new reference price for RBD palm stearin is $340 per ton, crude palm kernel oil is $435 per ton, RBD palm kernel oil is $460 per ton, crude coconut oil is $440 per ton and RBD coconut oil is $470 per ton. (gis)