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Indonesia set the June 2026 crude palm oil reference price at US$1,029.51 per tonne, down 1.91% from May, citing weaker demand from major importers such as India. Export duty and levy were also set for June.
A lower reference price reduces Indonesian export charges and reflects softer import demand, which is mildly bearish for palm oil prices.
kemendag.go.idKementerian Perdagangan RIMay 29, 2026After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
After 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
