# Palm Oil Magazine - CPO Reference Price Rises to US$ 820.11/MT; Out Fee and Export Levy Set at US$ 118/Ton for August 2024 - Palm Oil Magazine

> Indonesia set the crude palm oil reference price for August 2024 at US$820.11 per metric ton, up 2.42% from July. The out fee was set at US$33 per ton and the export levy at US$85 per ton for August 1 to 31. The fees are based on the reference price.

- Date: 2024-08-06 · published 2024-08-06T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15625-palm-oil-magazine-cpo-reference-price-rises-to-us-820-11-mt-out-fee-and-export
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

These routine monthly fee settings reflect existing policy and modestly raise the cost of Indonesian palm oil exports. The change is small and largely expected.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-08-03 | [Palm Oil Magazine - August 2023 Sees a 4.48% Improvement in CPO Reference Price: CPO OF and Levy Stand at US$ 118 Per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15709-palm-oil-magazine-august-2023-sees-a-4-48-improvement-in-cpo-reference-price.md) | -4.0% | -3.5% |
| PALMOIL | 2025-02-01 | [Palm Oil Magazine - Indonesia's CPO Reference Price in February 2025 Decreases, Export Duty and Levy Set at US$ 195.66 per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15584-palm-oil-magazine-indonesia-s-cpo-reference-price-in-february-2025-decreases.md) | +3.6% | +3.5% |
| PALMOIL | 2025-04-25 | [Palm Oil Magazine - Malaysia Keeps CPO Export Tax at 10% for May, Lowers Reference Price - Palm Oil Magazine](https://feedsoft.ai/events/15567-palm-oil-magazine-malaysia-keeps-cpo-export-tax-at-10-for-may-lowers-reference.md) | -1.9% | -3.6% |
| PALMOIL | 2023-10-02 | [Palm Oil Magazine - CPO Reference Price Up in October 2023, CPO OF and Levy Stay Consistent - Palm Oil Magazine](https://feedsoft.ai/events/15694-palm-oil-magazine-cpo-reference-price-up-in-october-2023-cpo-of-and-levy-stay.md) | -4.8% | -3.5% |
| PALMOIL | 2023-06-02 | [Palm Oil News - CPO Reference Price Gets Cheaper on 1 - 15 June: OF and Levy Are US$ 116 Per Ton](https://feedsoft.ai/events/15728-palm-oil-news-cpo-reference-price-gets-cheaper-on-1-15-june-of-and-levy-are-us.md) | -0.1% | +7.1% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-export/2024/08/06/cpo-reference-price-rises-to-us-820-11-mt-out-fee-and-export-levy-set-at-us-118-ton-for-august-2024/

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