Govt sets new CPO prices

Tue, 02 Mar 1999, 00:00 WIB | Source: JP

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

The new reference price of CPO was set at US$430 per metric
ton, a drop from $535. The new reference price of oil palm kernel
is $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 coconuts oil is $440 per ton and RBD coconut oil is $470
per ton.

The ministry said the new reference prices would be effective
from March 1 to March 31. (gis)

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