# Palm Oil Magazine - Indonesian CPO Reference Price Drops 11.2%: June Out Fee and Levy Set at $93 per Ton - Palm Oil Magazine

> Indonesia set its June 2024 crude palm oil reference price at 778.82 USD per ton, down 11.22% from May. The combined out fee and export levy fell to 93 USD per ton from 142 USD per ton.

- Date: 2024-06-03 · published 2024-06-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15641-palm-oil-magazine-indonesian-cpo-reference-price-drops-11-2-june-out-fee-and
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A sharply lower export levy cuts Indonesian exporters' costs and makes their palm oil more competitive, supporting export flows and international palm oil prices.

## 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 | 2024-07-03 | [Palm Oil Magazine - CPO Reference Price Escalates: OF and Levy Set at US$ 118 per Ton for July 2024 - Palm Oil Magazine](https://feedsoft.ai/events/15634-palm-oil-magazine-cpo-reference-price-escalates-of-and-levy-set-at-us-118-per.md) | -3.1% | -2.0% |
| PALMOIL | 2026-02-01 | [Palm Oil Magazine - Indonesia Raises February CPO Reference Price, Export Duty and Levy Increase - Palm Oil Magazine](https://feedsoft.ai/events/15492-palm-oil-magazine-indonesia-raises-february-cpo-reference-price-export-duty-and.md) | +3.3% | +4.0% |
| PALMOIL | 2025-09-01 | [Palm Oil Magazine - Indonesia's CPO Reference Price Climbs in September, Export Duty Set at 10% - Palm Oil Magazine](https://feedsoft.ai/events/15532-palm-oil-magazine-indonesia-s-cpo-reference-price-climbs-in-september-export.md) | +2.4% | +1.0% |
| 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% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-price/2024/06/03/indonesian-cpo-reference-price-drops-11-2-june-out-fee-and-levy-set-at-93-per-ton/

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