CPO Export Levy Removed Temporarily, Oil FFB Prices Crawled Up

The Indonesian Palm Oil Farmers Association (Apkasindo) noted that the price of fresh fruit bunches (FFB) has climbed to above Rp 1,000 per kg earlier this week. The increase in FFB prices was driven by the government’s policy regarding the Export Levy (PE) of crude palm oil (CPO) of 0% which was applied from July […]

Until August 31, Sri Mulyani Removes CPO Export Tax Rates and Its Derivatives

BADUNG, KOMPAS.com – Minister of Finance Sri Mulyani Indrawati abolished the export levy on crude palm oil (crude palm oil/CPO) and its derivative products. This is valid until August 31, 2022. This policy abolishes the Minister of Finance Regulation (PMK) Number 103 of 2022 as well as issues PMK Number 115 of 2022. PMK Number […]

Palm Oil News – How to Accelerate CPO Exports, Export Multiplier Ratio So 7 Times

InfoSAWIT, JAKARTA – In order to accelerate exports of crude palm oil (CPO), Coordinating Minister for Maritime Affairs and Investment Luhut Binsar Pandjaitan asked the Ministry of Trade (Kemendag) to increase the ratio of the export multiplier for CPO and cooking oil raw materials to seven times the domestic market obligation (DMO). . This step, […]

Palm Oil News – 130 Palm Oil Companies Registered at SIMIRAH 2

InfoSAWIT, JAKARTA – As of July 1, 2022, 130 companies have registered with the Bulk Cooking Oil Information System (SIMIRAH) 2.0. From the official statement received by the Ministry of Industry, InfoSAWITSunday (3/7/2022), it was stated that of the total there were 51 crude palm oil (MSM/CPO) producers and 79 palm cooking oil (MGS) producers. […]

Palm Oil News – Palm FFB Prices Lowered, Palm Oil Mills Violate Rules

InfoSAWIT, JAKARTA – Referring to the circular issued by the Acting Director General of Plantations of the Ministry of Agriculture, Ali Jamil, it prohibits the decrease in the purchase price of oil palm Fresh Fruit Bunches (FFB) owned by farmers. So the purchase price of palm FFB which is discounted by unscrupulous companies can be […]