ANNOUNCEMENT 23 Jan 2013In January 2013, the government of Indonesia announced a change in export taxation.
NUMBER OF INTERVENTIONS
original Source: Regulation 04/M-DAG/PER/1/2013
On 23 January 2013, the Minister of Trade announced an adjustment of the reference prices as well as an adjustment of the export duties on two agriculture products, namely crude palm oil and cocoa beans.
In the case of crude palm oil, the reference price increased from USD 780.26 to 815.12per metric ton and the export duty increased from 7.5% to 9%.
In the case of cocoa beans, the reference price decreased from USD 2442.33 to 2262.71 per metric ton, while the export duty remains unchanged at 5%.
The measure officially expired on 28 February 2013, nevertheless the measure and the respective reference prices remains valid until a new regulation replaces them. (article 9)