Thursday, March 25, 2010

DJ Indonesia To Raise April CPO Export Tax To 4.5% From 3% -Trade Min

JAKARTA (Dow Jones)--Indonesia will raise its export tax on crude palm oil in April to 4.5% from the current 3%, a senior government official said Thursday.

Due to rising global palm oil prices, the export tax and base price of CPO will be raised for the duration of April, said Diah Maulida, director general of foreign trade at the trade ministry.

The base price of CPO will be raised to $752 a metric ton from the current $708/ton, she said.

-By Fawziah Selamat, Dow Jones Newswires; +62 21 3983 1277;

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