Indonesia Mulls More Frequent Setting of Crude Palm Oil Reference Price
KONTAN.CO.ID - JAKARTA, July 6 (Reuters) - Indonesia is considering setting its crude palm oil (CPO) export reference price every two weeks instead of monthly, a senior trade ministry official said on Wednesday, aiming to adjust quicker to fast-changing international market prices.
The government currently sets a monthly reference price based on Indonesian, Malaysian and European crude palm oil prices. That price is used to determine the palm oil export tax and levy each month.
