# Palm Oil Magazine - CPO Reference Price Rises Slightly, Indonesia Sets November 2025 Export Levy at US$124/MT - Palm Oil Magazine

> Indonesia set the November 2025 CPO reference price at US$963.75/MT, a slight rise of US$0.14 from October. The government set the export levy at US$124/MT and the export duty at 10% of the reference price, about US$96.37/MT.

- Date: 2025-10-31 · published 2025-10-31T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15521-palm-oil-magazine-cpo-reference-price-rises-slightly-indonesia-sets-november
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher Indonesian export levies and duties raise the cost of palm oil exports, supporting palm oil prices and competing vegetable oil demand, which can firm soybean oil and meal-substitute economics for feed buyers.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-09-30 | [Palm Oil Magazine - Indonesia's CPO Reference Price for October 2025 Increases, Government Sets Export Levy at US$ 124/MT and Export Duty 10% - Palm Oil Magazine](https://feedsoft.ai/events/15528-palm-oil-magazine-indonesia-s-cpo-reference-price-for-october-2025-increases.md) | +0.3% | +0.4% |
| PALMOIL | 2026-03-31 | [Palm Oil Magazine - Indonesia Sets CPO Reference Price for April 2026 at USD 989.63/MT, Export Duty Increases - Palm Oil Magazine](https://feedsoft.ai/events/20270-palm-oil-magazine-indonesia-sets-cpo-reference-price-for-april-2026-at-usd-989.md) | +4.0% | +1.6% |
| PALMOIL | 2025-09-01 | [Palm Oil Magazine - Indonesia's CPO Reference Price Climbs in September, Export Duty Set at 10% - Palm Oil Magazine](https://feedsoft.ai/events/15532-palm-oil-magazine-indonesia-s-cpo-reference-price-climbs-in-september-export.md) | +2.4% | +1.0% |
| PALMOIL | 2026-04-30 | [Palm Oil News - Indonesia Sets May 2026 CPO Reference Price at US$1,049.58/MT, Total Export Levy and Duty Reach US$309.20](https://feedsoft.ai/events/15469-palm-oil-news-indonesia-sets-may-2026-cpo-reference-price-at-us-1-049-58-mt.md) | +0.5% | -1.1% |
| PALMOIL | 2026-02-01 | [Palm Oil Magazine - Indonesia Raises February CPO Reference Price, Export Duty and Levy Increase - Palm Oil Magazine](https://feedsoft.ai/events/15492-palm-oil-magazine-indonesia-raises-february-cpo-reference-price-export-duty-and.md) | +3.3% | +4.0% |
| SBO | 2026-04-30 | [Palm Oil News - Indonesia Sets May 2026 CPO Reference Price at US$1,049.58/MT, Total Export Levy and Duty Reach US$309.20](https://feedsoft.ai/events/15469-palm-oil-news-indonesia-sets-may-2026-cpo-reference-price-at-us-1-049-58-mt.md) | +0.5% | -3.5% |
| SBO | 2023-07-02 | [Palm Oil Magazine - CPO Reference Price Rises 3.19%: CPO OF and Levy on 1 - 15 July 2023 - Palm Oil Magazine](https://feedsoft.ai/events/15721-palm-oil-magazine-cpo-reference-price-rises-3-19-cpo-of-and-levy-on-1-15-july.md) | +6.2% | +2.3% |
| SBO | 2024-02-08 | [Indonesia sets CPO reference price for February at US$806.40/tonne](https://feedsoft.ai/events/15662-indonesia-sets-cpo-reference-price-for-february-at-us-806-40-tonne.md) | +3.0% | -2.1% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-price/2025/11/01/cpo-reference-price-rises-slightly-indonesia-sets-november-2025-export-levy-at-us124-mt/

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