
Indonesia set its October 2025 crude palm oil reference price at US$963.61/MT, up 0.93% from September's US$954.71/MT. The government set the export levy at US$124/MT and the export duty at 10% of the reference price, or US$96.36/MT.
The higher reference price raises the export duty charged on Indonesian CPO, which tightens export margins and can support palm oil prices in global markets while supporting domestic soybean oil and meal substitution dynamics.
After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.
After 196 past neutral policy events, SBO moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.