
Indonesia set the August 2025 crude palm oil reference price at US$910.91 per ton, up US$33.02 or 3.76% from July. The export duty is US$74 per ton and the export levy is set at 10% of the reference price, or US$91.09 per ton.
The government attributed the increase to rising demand from India and China that was not matched by production.
A higher reference price raises the cost of Indonesian palm oil exports and reflects tight supply against firm Indian and Chinese demand, which supports prices.
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.