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Indonesia set the February 2026 crude palm oil reference price at USD 918.47 per metric ton, up USD 2.84 or 0.31% from January. The reference drives export duties and levies, and the government cited stronger seasonal demand and weaker supply.
A higher reference price raises the duty and levy base for Indonesian palm exports, which signals firm underlying palm oil prices.
palmoilmagazine.comPalmoilmagazineFeb 1, 2026After 548 past bullish policy events, Palm Oil moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% 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.
