Indonesia to set Jan 16-31 palm oil reference price at $920.57/T -official

JAKARTA (Reuters) – Indonesia planned to set its crude palm oil reference price at $920.57 per tonne for Jan. 16-31, up from $858.96 per tonne in Jan. 1-15, deputy coordinating minister of economic affairs Musdhalifah Machmud said on Wednesday.

The pricing would place Indonesia’s palm oil export tax at $74 per tonne and levy at $95 per tonne for the period. The decree to set the new reference price is not yet published.

(Reporting by Bernadette Chrisitna Munthe; Writing by Fransiska Nangoy; Editing by Mark Potter)

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