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Indonesia's palm oil, cocoa export tax to remain unchanged for December

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12/03/2019 | 12:58am EST
Palm oil plantation is pictured next to a burnt forest near Banjarmasin in South Kalimantan province

JAKARTA (Reuters) -

* Indonesia will hold the export tax for crude palm oil(CPO) at zero and for cocoa beans at 5% for December, the tradeministry said in a statement on Tuesday * The ministry set the CPO reference price at $650.18 pertonne for December, up nearly 14% from the reference price amonth earlier, and the December cocoa beans reference price at$2,240 per tonne * Indonesia collects export taxes for CPO when the referenceprice is above a $750-per-tonne threshold and collects exportlevies when the price is above $570 a tonne, but the governmentsaid in September it would not collect any levies until January

(Reporting by Bernadette Christina Munthe; Writing by Fransiska Nangoy; Editing by Tom Hogue)

Stocks mentioned in the article
ChangeLast1st jan.
CPO (CPO) - CMG (ELECTRONIC)/C1 1.41% 681.75 End-of-day quote.36.76%
LONDON BRENT OIL -0.05% 64.1 Delayed Quote.16.84%
NEW YORK COCOA 0.26% 2652 End-of-day quote.9.63%
WTI -0.22% 58.81 Delayed Quote.28.48%
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