Government of Indonesia raised the reference price of crude palm oil (CPO) for the stipulation of export duty for February 2020, after the global market demand for CPO strengthened, trade ministry announced on Wednesday (Jan 29). The ministry set the price at US$839.69 per metric ton (MT), increased by US$109.97 or 15.07% from US$729.72 per MT set this month.The selling price of CPO on the global market is currently US$750 per ton. Therefore, the government imposes an export duty of US$18 per ton for next month.
