Indonesia maintains cocoa export tax at 5% for April

The Primary Industries Ministry is optimistic that the cocoa industry would achieve the target of RM6 billion export value by 2020.

JAKARTA: Indonesia will keep the export tax for cocoa unchanged at 5 percent in April and zero for crude palm oil (CPO), the trade ministry said on Tuesday.

The government raised its tax for cocoa bean exports in March after assuming a reference price of more than $2,000 a tonne. The reference price for April is $2,368.4 a tonne, the ministry said.

The government charges zero export tax for CPO when the reference price is seen below a threshold of $750 per tonne.- Reuters