# Palm Oil Magazine - Indonesia Cuts December CPO Reference Price by 3.9%, Adjusts Export Tax and Levy - Palm Oil Magazine

> Indonesia's Ministry of Trade set the December 2025 crude palm oil reference price at US$926.14 per tonne, down 3.9% from November. The export duty is set at US$74 per tonne and the export levy at 10% of the reference price. The government cited falling prices of other vegetable oils and softer buyer demand.

- Date: 2025-12-02 · published 2025-12-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15509-palm-oil-magazine-indonesia-cuts-december-cpo-reference-price-by-3-9-adjusts
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower reference prices reduce the duties and levies on Indonesian exports, but the price decline reflects weak global vegetable oil demand, which is bearish for palm oil.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-01-01 | [Indonesia lowers Jan 1-15 CPO reference price, maintains export tax and levy rate](https://feedsoft.ai/events/15670-indonesia-lowers-jan-1-15-cpo-reference-price-maintains-export-tax-and-levy-rate.md) | -1.4% | +1.5% |
| PALMOIL | 2025-12-31 | [Palm Oil Magazine - Indonesia Sets January 2026 CPO Reference Price at USD 915.64 per MT - Palm Oil Magazine](https://feedsoft.ai/events/21610-palm-oil-magazine-indonesia-sets-january-2026-cpo-reference-price-at-usd-915-64.md) | +0.5% | +3.2% |
| PALMOIL | 2023-09-19 | [Palm Oil Magazine - CPO Reference Price Declines, Following are CPO OF and Levy Rates for the period 16 to 30 September 2023 - Palm Oil Magazine](https://feedsoft.ai/events/15702-palm-oil-magazine-cpo-reference-price-declines-following-are-cpo-of-and-levy.md) | -0.4% | -3.1% |
| PALMOIL | 2022-06-07 | [Indonesia to cut maximum palm oil export tax and levy to a combined $488/T -trade minister \| Reuters](https://feedsoft.ai/events/15811-indonesia-to-cut-maximum-palm-oil-export-tax-and-levy-to-a-combined-488-t-trade.md) | -7.4% | -35.7% |
| PALMOIL | 2024-01-01 | [Palm Oil Magazine - CPO Reference Price for the Period of January 1 to 15, 2024 Declines: CPO Out Fee and Levy US$93 Per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15673-palm-oil-magazine-cpo-reference-price-for-the-period-of-january-1-to-15-2024.md) | -1.4% | +1.5% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-export/2025/12/02/indonesia-cuts-december-cpo-reference-price-by-3-9-adjusts-export-tax-and-levy/

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