Regulation of the Minister of Trade no. 27 of 2021 concerning Determination of Export Benchmark Prices for Agricultural and Forestry Products Subject to Export Duty.

This Ministerial Regulation, implementing provisions of article 2 paragraph (2) of the Regulation of Minister of Trade no. 36/M-DAG/PER/5/2012 concerning Procedures for Determination the Standards of Export Prices for Agricultural and Forestry Products subject to Export Duty, in its last amended version, provides for the determination of the export benchmark price for agricultural and forestry products subject to export duty, taking into account the written proposal and the outcomes of meetings with the relevant technical governmental agencies. According to the Regulation, the export benchmark price is determined on a set reference price based on the average price over a defined period of time. The Regulation provides for the determination of prices and tariffs of crud palm oil and its derivative products, cocoa seeds, timber and leather commodities, seeds. The attached schedules include lists of benchmark and export price of agriculture, timber and forestry products for the month of May 2021.