# Palm Oil Magazine - CPO Reference Price Escalates: OF and Levy Set at US$ 118 per Ton for July 2024 - Palm Oil Magazine

> Indonesia set its July 2024 crude palm oil export levy at US$85 per ton and out fee at US$33 per ton, after the reference price rose 2.82% to US$800.75 per ton. The reference price is based on average prices from the Indonesian, Malaysian and Rotterdam exchanges.

- Date: 2024-07-03 · published 2024-07-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15634-palm-oil-magazine-cpo-reference-price-escalates-of-and-levy-set-at-us-118-per
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher reference price triggers higher levies and out fees on Indonesian exports, raising the cost of Indonesian palm oil and supporting world palm prices. The change is modest.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-05-05 | [Palm Oil Magazine - Indonesian CPO Reference Price for May 2024 Period Increases, CPO Out Fee and Levy  set at US$ 142 Per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15647-palm-oil-magazine-indonesian-cpo-reference-price-for-may-2024-period-increases.md) | -0.6% | +6.9% |
| PALMOIL | 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) | +10.3% | +12.9% |
| PALMOIL | 2024-06-03 | [Palm Oil Magazine - Indonesian CPO Reference Price Drops 11.2%: June Out Fee and Levy Set at $93 per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15641-palm-oil-magazine-indonesian-cpo-reference-price-drops-11-2-june-out-fee-and.md) | +2.4% | +2.1% |
| PALMOIL | 2024-04-02 | [Palm Oil Magazine - CPO Reference Price Strengthens, Export Duties and Export Levy Tariffs for April 2024 Period Set at USD 142 per MT - Palm Oil Magazine](https://feedsoft.ai/events/15651-palm-oil-magazine-cpo-reference-price-strengthens-export-duties-and-export-levy.md) | +1.9% | -2.1% |
| PALMOIL | 2025-09-30 | [Palm Oil Magazine - Indonesia's CPO Reference Price for October 2025 Increases, Government Sets Export Levy at US$ 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% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-export/2024/07/03/cpo-reference-price-escalates-of-and-levy-set-at-us-118-per-ton-for-july-2024/

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