The reference price for CPO is set at US$635.15 a tonne for May, the document showed, below a $750 a tonne threshold for export tax to be imposed
JAKARTA: Indonesia will keep its export tax for crude palm oil at zero for a second month in May while the export levy will remain at $50 a tonne, a Trade Ministry document released on Thursday showed.
The reference price for CPO is set at US$635.15 a tonne for May, the document showed, below a $750 a tonne threshold for export tax to be imposed.
The export levy of $50 is imposed on CPO when prices are above $619 a tonne
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