Indonesia is keeping the export tax for crude palm oil (CPO) at 0 for November, the change ministry said in a declaration.
The ministry set the CPO reference fee at $571 consistent with tonne for November and the cocoa beans reference fee at $2,500 in line with tonne.
Indonesia collects export taxes for CPO while the reference rate is above a $750 according to tonne threshold and collects export levies when the price is above $570 according to tonne, however in September the authorities said it will now not accumulate levies until January.
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