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Indonesia's Trade Ministry said the November 2025 CPO reference price rose slightly to US$963.75 per tonne, with the increase partly attributed to the planned B50 biodiesel rollout. The ministry also cited higher expected Malaysian demand and rising soybean oil prices.
Expected B50 demand and firmer competing vegetable oils support palm oil prices, although the reference price rise itself is small.
After 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.