Indonesia sets November crude palm oil export duty at $124
Indonesia set its November crude palm oil export duty at $124 per tonne after lowering the reference price used to calculate the charge. Malaysian stocks are high, with increased production and lower exports also reported.
· Feedsoft Markets Desk
TRANSCRIPT
$124 per tonne. Indonesia's crude palm oil export duty for November.
The reference price fell. Indonesia lowered the reference price used to calculate the duty.
Malaysia's stocks are high. The report also cites increased Malaysian production and lower exports.
A duty is not a price. The $124 is an export charge, not the price of crude palm oil.
Read the full analysis: feedsoft.ai/events/87465-indonesia-sets-november-cpo-export-duty-at-us-124-mt
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