
Indonesia set its August 2025 crude palm oil reference price at $872.27 per tonne, which raises the export tax to $52 per tonne. Export duties on refined products also rose, while the biodiesel levy was temporarily suspended to reduce inventories.
Higher export taxes make Indonesian palm oil dearer on world markets and can reduce export volumes, which supports global palm and other vegetable oil 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.
After 842 past bullish policy events, Soybean Oil moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), 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.