JAKARTA (Yosefardi) – Trade Ministry decides to keep export duty for crude palm oil (CPO) at 0% for November 2014, equal to last month.
CPO reference price reaches US$736.32 per ton, rose 1.32%, while CPO benchmark price for export is set at US$665 per ton, up 1.5%.
The increase of CPO price, both reference and benchmark for export, is due to increase in global prices.