Indonesia to keep Feb export tax for palm, cocoa steady

22.02.2011 10:48 "Agro Perspectiva" (Kyiv) — Indonesia may keep its palm oil and cocoa bean export tax for March unchanged from February at 25 percent and 10 percent respectively, a source at the industry ministry said on Tuesday. The base export price for crude palm oil (CPO), which is used to calculate export tax, may be set at $1,222 a tonne, up from $1,194 a tonne in February, the source said. The tax is aims to ensure domestic requirements are met in Southeast Asia’s biggest economy and to reduce volatility in local cooking oil prices. The base export price for cocoa beans will be unchanged in March and is likely to be set at $3,021 a tonne, the source added.

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