# 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

> Indonesia set the May 2024 CPO reference price at US$877.28/MT, up 2.29% from April, and fixed the CPO out fee at US$52/MT and the levy at US$90/MT. The reference price is based on average March-April prices across Indonesian, Malaysian and Rotterdam benchmarks.

- Date: 2024-05-05 · published 2024-05-05T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15647-palm-oil-magazine-indonesian-cpo-reference-price-for-may-2024-period-increases
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher export fees and levies raise the cost of Indonesian palm oil exports, which can narrow the export arbitrage and modestly support international palm oil prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-06-03 | [Palm Oil Magazine - Indonesian CPO Reference Price Drops 11.2%: June Out Fee and Levy Set at $93 per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15641-palm-oil-magazine-indonesian-cpo-reference-price-drops-11-2-june-out-fee-and.md) | +2.4% | +2.1% |
| PALMOIL | 2024-07-03 | [Palm Oil Magazine - CPO Reference Price Escalates: OF and Levy Set at US$ 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 | 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% |
| 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 | 2026-03-31 | [Palm Oil Magazine - Indonesia Sets CPO Reference Price for April 2026 at USD 989.63/MT, Export Duty Increases - Palm Oil Magazine](https://feedsoft.ai/events/20270-palm-oil-magazine-indonesia-sets-cpo-reference-price-for-april-2026-at-usd-989.md) | +4.0% | +1.6% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-export/2024/05/05/indonesian-cpo-reference-price-for-may-2024-period-increases-cpo-out-fee-and-levy-set-at-us-142-per-ton/

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