Indonesia keeps palm oil, cocoa beans export tax unchanged for Sept

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 beans at 5 percent and for crude palm oil (CPO) at zero in September, the trade ministry said on Monday.

Export tax for cocoa has been set at 5 percent since July, while exports of CPO have not been taxed in over a year.

The government estimated its reference price of palm oil to stay below a threshold of US$750 per tonne and below $2,750 for cocoa beans. - Reuters