Indonesia: Cisadane Sawit Raya (CSRA) positively welcomes lower palm shell export duty rates

Published 2022년 1월 18일

Tridge summary

Indonesia's palm oil company, PT Cisadane Sawit Raya Tbk (CSRA), has welcomed the government's decision to reduce the export duty rate for palm kernel shells, which are used by CSRA as alternative fuel. The new policy, as stated in the Minister of Finance Regulation 1/PMK.010/22, sets the export duty rate between US$ 3 to US$ 13 per metric ton for flakes and powder with particle sizes above 50 mesh. This could potentially increase CSRA's business opportunities despite not significantly affecting the company at present.

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Original content

Reporter: Akmalal Hamdhi | Editor: Handoyo . KONTAN.CO.ID - JAKARTA. PT Cisadane Sawit Raya Tbk (CSRA) welcomes the government's policy to reduce the export duty rate for palm kernel shells in the form of flakes and powder with particle sizes above 50 mesh to a range of US$ 3 to US$ 13 per metric ton. The policy is regulated in the Minister of Finance Regulation (PMK) Number 1/PMK.010/22 concerning the Third Amendment to the Regulation of the Minister of Finance Number 13/PMK.010/2017 concerning Stipulation of Exported Goods Subject to Export Duties and Export Duty Tariffs. Based on data from the Ministry of Trade, most of the world's palm shell production is in Indonesia. Exports of Indonesian palm shell products in January to September 2021 have reached US$ 286 million, or an increase of 27.01 percent compared to the same period in 2020. The main export destination for Indonesian palm shell products is Japan with a share of 84.5 percent of the total Indonesian palm shell ...

Source: Kontan