# Palm Oil Magazine - RHB Revises 2026 CPO Forecast After Indonesia Raises Export Tax to 12.5% - Palm Oil Magazine

> RHB Research is reviewing its 2026 crude palm oil price assumption of RM4,250 per tonne after Indonesia decided to raise export levies on CPO and refined products from March 1. RHB will also adjust plantation earnings forecasts to reflect the new tax structure.

- Date: 2026-01-25 · published 2026-01-25T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15503-palm-oil-magazine-rhb-revises-2026-cpo-forecast-after-indonesia-raises-export
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher export levies could change global palm oil supply-demand balances, and analyst revisions to price forecasts show the market is reassessing the outlook.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-01-11 | [Indonesia refined palm oil exports to rise in 2021 on tax changes - Markets - Business Recorder](https://feedsoft.ai/events/49037-indonesia-refined-palm-oil-exports-to-rise-in-2021-on-tax-changes-markets.md) | -6.2% | -12.3% |
| PALMOIL | 2025-02-01 | [Palm Oil Magazine - Indonesia's CPO Reference Price in February 2025 Decreases, Export Duty and Levy Set at US$ 195.66 per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15584-palm-oil-magazine-indonesia-s-cpo-reference-price-in-february-2025-decreases.md) | +3.6% | +3.5% |
| PALMOIL | 2025-04-25 | [Palm Oil Magazine - Malaysia Keeps CPO Export Tax at 10% for May, Lowers Reference Price - Palm Oil Magazine](https://feedsoft.ai/events/15567-palm-oil-magazine-malaysia-keeps-cpo-export-tax-at-10-for-may-lowers-reference.md) | -1.9% | -3.6% |
| PALMOIL | 2024-08-06 | [Palm Oil Magazine - CPO Reference Price Rises to US$ 820.11/MT; Out Fee and Export Levy Set at US$ 118/Ton for August 2024 - Palm Oil Magazine](https://feedsoft.ai/events/15625-palm-oil-magazine-cpo-reference-price-rises-to-us-820-11-mt-out-fee-and-export.md) | -2.2% | +5.0% |
| PALMOIL | 2026-06-01 | [Palm Oil Markets Split as Indonesia Export Revamp Confuses Trade](https://feedsoft.ai/events/19375-palm-oil-markets-split-as-indonesia-export-revamp-confuses-trade.md) | -0.7% | -1.9% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/market/2026/01/25/rhb-revises-2026-cpo-forecast-after-indonesia-raises-export-tax-to-12-5/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.