Agricom.id, JAKATA – The referential price for crude palm oil (CPO) to decide the out fee OF in March 2020 is US$ 786,63/ton. It gets cheaper US$ 53,06 6,32% from February 2020 which reached US$ 839,69/ton.

It is listed in the Regulation of Minister of Trade No. 17 / 2020 about the Export Referential Price on the Agriculture and Forestry Products having OF.

“Now the CPO referential price is more than US$ 750/ton. So the government decided that the CPO OF is US$ 3/ton in March 2020,”  General Director of Foreign Trade, Ministry of Trade, Indrasari Wisnu Wardhana said, as in the official statement to Agricom.id, Saturday (29/2/2020).

The CPO OF in March 2020 is listed in the Column 2, Attachment II, C Regulation of Minister of Finance No. 13/PMK.010/2017 which is US$ 3/ton. The number gets cheaper than the CPO OF in the previous month, January 2020 which was US$ 18/ton.

While the cocoa seed referential price in March 2020 is US$ 2.818,11/ton, increased 10,76% or US$ 273,68 from the previous month which was US$ 2.544,43/ton. This influenced the cocoa seed export referential price in March 2020 to be US$ 2.523/metric ton (MT), increased 11,8% or US$ 267 from the previous period which was US$ 2.256/MT.

The increasing referential price and the export price of coca seed happened for the better price internationally. It influenced to the cocoa seed OF and increased to be 10% (last period was 5 percent).

It is listed in the Column 3, Attachment II, B, Regulation of Minister of Finance No. 13/PMK.010/2017. While the export referential price and the OF of wood and skin products have not change from the previous month. The out fee (OF) of wood and skin products is listed in Attachment II, A, Regulation of Minister of Finance No. 13/PMK.010/2017. (A2)