Bisnis, JAKARTA — Following the price declines in June 2024, palm oil commodities are now facing higher reference prices for July 2024. This adjustment may pose a threat to export performance, potentially leading to a continued decline in exports.
Implications of Rising Palm Oil Reference Prices
The increase in reference prices, export duties, and CPO export levies in July 2024 is expected to exert pressure on palm oil export performance. However, these measures are not solely aimed at impacting export performance; they also serve the purpose of generating state revenue.
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