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)
7.724.518.417.04.511.714.00240.500.03
Citrus pulp
pellets/meal
3.07.04.013.07.012.5WDN900.620.19
Distillers dried
Home-prod pellets
7.534.026.08.54.014.0WDN900.000.00
Distillers dried
Imported meal
7.028.022.09.44.013.5101.00900.830.05
Fishmeal, pure
2 t lot bags
10.073.071.00.917.714.9515.00903.840.08
Maize gluten
Home-prod pellets
4.020.017.08.07.013.088.00900.750.06
Maize gluten
Home-prod meal
3.020.017.08.07.013.081.00900.690.05
Maize gluten
Imported pell/meal
3.020.017.08.07.013.082.00900.700.05
Molasses (cane) 5.04.25 8.012.799.30751.040.31
Molasses (Molmax) 16.013.6 8.011.586.80680.910.08
Palm kernel expell
meal – Malindo
8.515.512.020.04.012.7WDN900.000.00
Rapeseed meal
Home-produced
2.540.034.012.08.012.092.00900.850.03
Soya bean meal Hi pro1.7752.045.04.57.013.5158.00901.300.04
Soya bean meal
Brazilian 48% pell/meal
1.6652.045.06.07.013.5WDN900.000.00
Supergrains
(20-25 tne tipped)
10.032.025.016.01.514.027.50260.760.04
Sugar beet pulp dried
Home-prod mol pell
0.611.08.013.58.012.589.00900.790.12
Sugar beet pulp dried
Imported mol pellets
0.411.08.013.58.012.5n/a900.000.00
Sugar beet pulp dried
Imported unmol pellets
0.59.07.518.08.012.5n/a900.000.00
Vitagold (25t tipped)10.034.026.011.03.014.537.00350.730.04
Wheatfeed pellets4.517.014.58.05.012.574.00880.67z0.06

Source: KW Agriculture

  • WDN = withdrawn
  • CP=crude protein
  • DCP=digestible crude protein
  • Unless otherwise stated, prices refer to 10t bulk blown deliveries within 50-mile radius of store
  • Energy cost and DCP cost are to demonstrate the value of the particular commodity