Indonesia's October Crude Palm Oil and Cocoa Bean Export Reference Prices Increase

The Jakarta Post reported that the Indonesian Ministry of Trade forecast, tax gross October palm oil export reference price will reach $ 1196.
6 per ton, up 0.
96% compared with September
.
According to the Ministry of Trade Regulation No.
56 of 2021 on the determination of the benchmark export price of agricultural and forestry products subject to tariffs, the reference price of crude palm oil exceeds the threshold of US$750 per ton, and the government will impose a tariff of US$166
.
At the same time, the October export reference price of cocoa beans was US$2621.
12 per ton, up 6.
94% from September
.
The analysis pointed out that the increase in the reference price of crude palm oil was affected by the economic recovery of the export destination country and the increase in demand, and the increase in the reference price of cocoa beans was also related to the increase in global demand
.