September 27, 2018 / 11:06 AM / 3 months ago

Indonesia to keep cocoa export tax at 5 pct, crude palm oil stays untaxed

JAKARTA, Sept 27 (Reuters) -

* Indonesia is to keep export taxes for cocoa bean shipments in the month of October at 5 percent, while leaving crude palm oil exports untaxed, the Trade Ministry said on Thursday, unchanged from this month.

* The government has kept the export tax for cocoa at 5 percent since July, as the government’s reference price for the commodity is seen below the threshold of $2,750 per tonne.

* Crude palm oil has been untaxed since May 2017 as the reference price is seen staying below $750 per tonne. (Reporting by Gayatri Suroyo; Editing by Adrian Croft)

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