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MarketScreener Homepage  >  Futures  >  Chicago Mercantile Exchange - Globex  >  CPO (CPO) - CMG (ELECTRONIC)/C1       

CPO (CPO) - CMG (ELECTRONIC)/C1

End-of-day quote. End-of-day quote Chicago Mercantile Exchange - Globex - 07/13
561.75 USD   --.--%
07/10Malaysia palm oil June end-stocks fall as exports surge 25%
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07/10Malaysia palm oil June end-stocks fall as exports surge 25%
RE
07/10Malaysia palm oil June end-stocks fall as exports surge 25%
RE
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Indonesia sets export levy on crude palm oil at $55 per tonne

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05/30/2020 | 10:54am EDT
A worker collects palm fruit at a plantation owned by a private company in Langkat of Indonesia's north Sumatra province

Indonesia will charge a blanket export levy of $55 per tonne on crude palm oil (CPO) shipments from June 1, a Finance Ministry regulation showed on Saturday, as the government seeks to raise funds for a domestic biodiesel programme.

Indonesia, the world's largest palm oil supplier, also set new tariffs for other refined palm oil products, ranging from $25 to $45 per tonne.

Previously, export levies were only charged when the government reference price for CPO exports reached $570 per tonne, increasing to a maximum of $50 per tonne when the price exceeded $619.

Indonesia wants to maintain its ambitious biodiesel programme to absorb excess palm oil supply and slash diesel fuel imports.

(Reporting by Bernadette Christina Munthe; Writing by Tabita Diela and Fransiska Nangoy; Editing by Helen Popper)

Stocks mentioned in the article
ChangeLast1st jan.
CPO (CPO) - CMG (ELECTRONIC)/C1 0.00% 561.75 End-of-day quote.-20.08%
LONDON BRENT OIL -1.52% 42.17 Delayed Quote.-35.04%
WORLD CO., LTD. 3.59% 1471 End-of-day quote.-45.34%
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