Indonesia lifts palm-oil ban
By FWi staff
INDONESIAS palm oil export ban was lifted yesterday (Wednesday, 22 April) and replaced by an export tax. But merchants are yet to be told how the new taxation system will work.
About 100,000 tonnes of palm oil is awaiting loading at the port of Belawan. Trade sources say that it is likely to be exported on to the world market, despite an export tax expected to be set at 40%.
Government officials banned palm oil exports in January to stabilise prices in the country, which had boomed after the Indonesian currency crashed last year. Subsequent price rises sparked food riots in various cities.
Prices
w/e 22 April, 1998
Oil
(%)CP
(%)DCP
(%)Fibre
(%)Ash
(%)Calc ME
(MJ/kg DM)Spot
price (£/t)Dry matter
(DM %)Energy
cost (p/MJ)DCP
cost (p/g)
Brewers grains
(20t tipped)7.7 24.5 18.4 17.0 4.5 11.7 14.00 24 0.50 0.03
Citrus pulp
pellets/meal3.0 7.0 4.0 13.0 7.0 12.5 WDN 90 0.62 0.19
Distillers dried
Home-prod pellets7.5 34.0 26.0 8.5 4.0 14.0 WDN 90 0.00 0.00
Distillers dried
Imported meal7.0 28.0 22.0 9.4 4.0 13.5 101.00 90 0.83 0.05
Fishmeal, pure
2 t lot bags10.0 73.0 71.0 0.9 17.7 14.9 515.00 90 3.84 0.08
Maize gluten
Home-prod pellets4.0 20.0 17.0 8.0 7.0 13.0 88.00 90 0.75 0.06
Maize gluten
Home-prod meal3.0 20.0 17.0 8.0 7.0 13.0 81.00 90 0.69 0.05
Maize gluten
Imported pell/meal3.0 20.0 17.0 8.0 7.0 13.0 82.00 90 0.70 0.05
Molasses (cane) 5.0 4.25 8.0 12.7 99.30 75 1.04 0.31
Molasses (Molmax) 16.0 13.6 8.0 11.5 86.80 68 0.91 0.08
Palm kernel expell
meal – Malindo8.5 15.5 12.0 20.0 4.0 12.7 WDN 90 0.00 0.00
Rapeseed meal
Home-produced2.5 40.0 34.0 12.0 8.0 12.0 92.00 90 0.85 0.03
Soya bean meal Hi pro 1.77 52.0 45.0 4.5 7.0 13.5 158.00 90 1.30 0.04
Soya bean meal
Brazilian 48% pell/meal1.66 52.0 45.0 6.0 7.0 13.5 WDN 90 0.00 0.00
Supergrains
(20-25 tne tipped)10.0 32.0 25.0 16.0 1.5 14.0 27.50 26 0.76 0.04
Sugar beet pulp dried
Home-prod mol pell0.6 11.0 8.0 13.5 8.0 12.5 89.00 90 0.79 0.12
Sugar beet pulp dried
Imported mol pellets0.4 11.0 8.0 13.5 8.0 12.5 n/a 90 0.00 0.00
Sugar beet pulp dried
Imported unmol pellets0.5 9.0 7.5 18.0 8.0 12.5 n/a 90 0.00 0.00
Vitagold (25t tipped) 10.0 34.0 26.0 11.0 3.0 14.5 37.00 35 0.73 0.04
Wheatfeed pellets 4.5 17.0 14.5 8.0 5.0 12.5 74.00 88 0.67z 0.06
Source: KW Agriculture