TABLE-Indonesia to keep September palm oil export tax at zero

Aug 25 2009 3:21PM

JAKARTA, Aug 25 (Reuters) - Indonesia will keep its palm oil

export tax at zero in September, but raise the crude palm oil

(CPO) base export price to $615 a tonne, from $574 in August, due

to a price rise, a trade ministry official said.

The world's top palm oil producer charges a minimum tax rate

of 1.5 percent if the spot CPO price in Rotterdam, used as a

reference price, averages $701 a tonne or above.

The CPO prices in Rotterdam averaged $689.42 per tonne in the

preceding month, Diah Maulida, director general of foreign trade

at the trade ministry has said.

Details of the new palm oil base export prices and export

taxes follow:

-----------------------------------

tax rate base export prices

($/tonne)

new previous

September August

-----------------------------------

Oil palm fruit 40% $249 $275

Palm Kernel 40% $249 $275

Crude Palm Oil 0% $615 $574

Crude Olein 0% $674 $636

RBD Palm Olein 0% $685 $647

RBD Palm Olein * 0% $685 $647

RBD Palm Kernel Olein 0% $676 $680

Crude Stearin 0% $610 $577

Crude PKO 0% 4652 $611

Crude Kernel Olein 0% $652 $611

Crude Kernel Stearin 0% $652 $611

RBD Palm Kernel Oil 0% $655 $633

RBD Palm Oil 0% $667 $633

RBD Palm Stearin 0% $619 $588

RBD Palm Kernel Stearin 0% $910 $848

Biodiesel 0% $763 $743

* Only applies to RBD palm olein in branded packaging of a

maximum weight of 10 litres.