{"id":23437,"date":"2023-07-19T09:32:32","date_gmt":"2023-07-19T02:32:32","guid":{"rendered":"https:\/\/gapki.id\/en\/?p=23437"},"modified":"2023-07-19T09:32:32","modified_gmt":"2023-07-19T02:32:32","slug":"cpo-reference-price-surges-export-duty-rises-to-us33-mt","status":"publish","type":"post","link":"https:\/\/gapki.id\/en\/news\/2023\/07\/19\/cpo-reference-price-surges-export-duty-rises-to-us33-mt\/","title":{"rendered":"CPO Reference Price Surges, Export Duty Rises To US$33\/MT"},"content":{"rendered":"

Jakarta \u2013 The trade ministry announced that the reference price of crude palm oil (CPO) for the period of 16 to 31 July 2023 was set at US$791.02 per metric ton. The reference price is aimed for determining the palm oil export duty (BK) and export levy (PE) for the public services by the oil palm plantation fund management board (BPDPKS).<\/p>\n

\"\"<\/a><\/p>\n

“Based on the finance minister \u00a0regulation, the government has set the CPO export duty at US$33 per metric ton,” the trade ministry\u2019s Foreign Trade Director General Budi Santoso said in a press release on Saturday, 15 July 2023.<\/p>\n

Meanwhile, the CPO export levy is set at US$85 per metric ton. Both the export duty and export levy are higher if compared to those during the period of 1\u201315 July 2023.<\/p>\n

The new increase of BK and PE of CPO is contained in the trade minister\u2019s decree no.1157\/2023 on the reference price of CPO liable for BK and PE for the period of 16 – 31 July 2023.<\/p>\n

The CPO reference price increased by US$43.79 or 5.86% from that of the period of 01 – 15 July 2023, which was set at US$747.23 per metric ton. Budi said that currently the CPO reference price saw an increase far higher than the threshold of US$680 per metric ton.<\/p>\n

The CPO export duty (BK) during this period refers to the column 4 of C attachment of the finance minister regulation no. 39\/PMK\/0.10\/2022 jo no. 123\/PMK.010\/2022.\u00a0 The CPO export levy (PE) during the same period refers to C attachment of the finance minister regulation no.103\/PMK.05\/2022 jo no. 154\/PMK.05\/2022.<\/p>\n

According to Budi, the increase of\u00a0 CPO reference price is influenced by a number of factors. First, the indication of rising export compared to that of the period of May 2023. The rising export trend was mainly seen from Malaysia, which was not accompanied by the rise of production in the country. Second, the increase of soybean price. (*)<\/p>\n

Source: TEMPO.CO<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Jakarta \u2013 The trade ministry announced that the reference price of crude palm oil (CPO) for the period of 16 to 31 July 2023 was set at US$791.02 per metric ton. The reference price is aimed for determining the palm oil export duty (BK) and export levy (PE) for the public services by the oil… CPO Reference Price Surges, Export Duty Rises To US$33\/MT<\/span><\/a><\/p>\n","protected":false},"author":1,"featured_media":21442,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"neve_meta_sidebar":"","neve_meta_container":"","neve_meta_enable_content_width":"","neve_meta_content_width":0,"neve_meta_title_alignment":"","neve_meta_author_avatar":"","neve_post_elements_order":"","neve_meta_disable_header":"","neve_meta_disable_footer":"","neve_meta_disable_title":"","neve_meta_reading_time":"","_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"_jetpack_feature_clip_id":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2},"jetpack_post_was_ever_published":false},"categories":[3708],"tags":[],"class_list":["post-23437","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-publication"],"yoast_head":"\nCPO Reference Price Surges, Export Duty Rises To US$33\/MT - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)<\/title>\n<meta name=\"description\" content=\"According to Budi, the increase of\u00a0 CPO reference price is influenced by a number of factors. 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It is contained in the finance ministry regulation (PMK) No.76\/PMK.05\/2021 on second revision of PMK No. 57\/PMK.05\/2020 on the tariff\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_oilpalm_thejakartapost.com_.jpg?fit=990%2C556&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_oilpalm_thejakartapost.com_.jpg?fit=990%2C556&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_oilpalm_thejakartapost.com_.jpg?fit=990%2C556&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/07\/palmoil_oilpalm_thejakartapost.com_.jpg?fit=990%2C556&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":27051,"url":"https:\/\/gapki.id\/en\/news\/2023\/10\/03\/government-asked-not-to-intervene-regarding-indonesias-cpo-exchange\/","url_meta":{"origin":23437,"position":1},"title":"Government Asked Not to Intervene Regarding Indonesia’s CPO Exchange","author":"admin","date":"October 3, 2023","format":false,"excerpt":"JAKARTA - Director of Segara Research Institute Piter Abdullah Redjalam assesses that the establishment of a crude palm oil (CPO) exchange in Indonesia is not easy. Minimal intervention is one of the requirements for the exchange to be recognized in the global market. The government through the Ministry of Trade,\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/12\/palmoil_kilang_minyak_cpo_bisnis.com_.jpg?fit=947%2C533&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/12\/palmoil_kilang_minyak_cpo_bisnis.com_.jpg?fit=947%2C533&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/12\/palmoil_kilang_minyak_cpo_bisnis.com_.jpg?fit=947%2C533&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2023\/12\/palmoil_kilang_minyak_cpo_bisnis.com_.jpg?fit=947%2C533&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":21345,"url":"https:\/\/gapki.id\/en\/news\/2022\/03\/25\/govt-revokes-dmo-and-dpo-for-palm-oil-export-tariffs-up\/","url_meta":{"origin":23437,"position":2},"title":"Govt Revokes DMO and DPO For Palm Oil, Export Tariffs Up","author":"admin","date":"March 25, 2022","format":false,"excerpt":"JAKARTA \u2014 Trade Minister Muhammad Lutfi has revoked the policy on domestic market obligation (DMO) and domestic price obligation (DPO) for crude palm oil (CPO) after the retail price ceiling of the palm cooking oil is no longer effective. 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Bloomberg quoted reliable sources as saying recently that the palm oil export duty at US$255 per ton is too high and is seen\u2026","rel":"","context":"In "Publication"","block_context":{"text":"Publication","link":"https:\/\/gapki.id\/en\/news\/category\/publication\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/01\/feature_palm_oil_main_ensia.com_.jpg?fit=800%2C478&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/01\/feature_palm_oil_main_ensia.com_.jpg?fit=800%2C478&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/01\/feature_palm_oil_main_ensia.com_.jpg?fit=800%2C478&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/01\/feature_palm_oil_main_ensia.com_.jpg?fit=800%2C478&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":20284,"url":"https:\/\/gapki.id\/en\/news\/2021\/06\/24\/palm-oil-export-durty-reviewed\/","url_meta":{"origin":23437,"position":4},"title":"Palm Oil Export Durty Reviewed","author":"admin","date":"June 24, 2021","format":false,"excerpt":"It has not been a year yet since the government decided to revise the crude palm oil (CPO) export duty. Progressive scheme was considered to have burdened the upstream palm oil sector as the industries have to bear the export duties and export tax. What will be the revision? The\u2026","rel":"","context":"In "Info & Activity"","block_context":{"text":"Info & Activity","link":"https:\/\/gapki.id\/en\/news\/category\/info-activity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/cpo_bisnis.com_.jpg?fit=721%2C398&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/cpo_bisnis.com_.jpg?fit=721%2C398&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/cpo_bisnis.com_.jpg?fit=721%2C398&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2021\/06\/cpo_bisnis.com_.jpg?fit=721%2C398&ssl=1&resize=700%2C400 2x"},"classes":[]},{"id":29719,"url":"https:\/\/gapki.id\/en\/news\/2025\/05\/20\/gapki-export-levy-rise-makes-palm-oil-less-competitive\/","url_meta":{"origin":23437,"position":5},"title":"GAPKI: Export Levy Rise Makes Palm Oil Less Competitive","author":"admin","date":"May 20, 2025","format":false,"excerpt":"JAKARTA \u2013 The Indonesian Palm Oil Association\u2019s (GAPKI) Chairman Eddy Martono said the increase of export levy of crude palm oil (CPO) from 7.5% to 10% will weaken the competitiveness of Indonesia\u2019s palm oil products at the global market. Eddy Martono was commenting on the decision of the finance ministry\u2026","rel":"","context":"In "Info & Activity"","block_context":{"text":"Info & Activity","link":"https:\/\/gapki.id\/en\/news\/category\/info-activity\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/05\/eddy_martono_sawitkita.id_.jpg?fit=807%2C492&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/05\/eddy_martono_sawitkita.id_.jpg?fit=807%2C492&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/05\/eddy_martono_sawitkita.id_.jpg?fit=807%2C492&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2025\/05\/eddy_martono_sawitkita.id_.jpg?fit=807%2C492&ssl=1&resize=700%2C400 2x"},"classes":[]}],"jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"jetpack_featured_media_url":"https:\/\/i0.wp.com\/gapki.id\/en\/dir-site\/uploads\/2022\/09\/tinta_palmoil_suarasurabaya.net_.jpg?fit=955%2C548&ssl=1","_links":{"self":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/23437","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/comments?post=23437"}],"version-history":[{"count":0,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/posts\/23437\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media\/21442"}],"wp:attachment":[{"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/media?parent=23437"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/categories?post=23437"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/gapki.id\/en\/wp-json\/wp\/v2\/tags?post=23437"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}