# Palm Oil News - April 2024, CPO Reference Price Increases: CPO OF and Levy Would Be US$ 142/Ton

> Indonesia's April 2024 CPO reference price rose to US$857.62/MT, up 7.3% from March. The export duty was set at US$52/MT and the export levy at US$90/MT, based on average prices from late February to late March.

- Date: 2024-04-03 · published 2024-04-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15650-palm-oil-news-april-2024-cpo-reference-price-increases-cpo-of-and-levy-would-be
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher reference price raises the cost of Indonesian palm oil exports, which can support international palm prices. The duty and levy structure affects how much export margin exporters retain.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-11-04 | [Palm Oil News - CPO Reference Price Increased: CPO OF and Levy Would be US$ 93/Ton on 1 - 15 November 2023](https://feedsoft.ai/events/15687-palm-oil-news-cpo-reference-price-increased-cpo-of-and-levy-would-be-us-93-ton.md) | +1.3% | +3.5% |
| PALMOIL | 2024-09-05 | [Palm Oil News - CPO Reference Price Gets increased in September 2024, Out Fee and Export Duties Would be US$ 142 per Ton](https://feedsoft.ai/events/6164-palm-oil-news-cpo-reference-price-gets-increased-in-september-2024-out-fee-and.md) | +0.4% | +12.0% |
| PALMOIL | 2024-02-02 | [Palm Oil News - Palm Oil OF and Levy in February 2024 Would be US$ 118 per Ton](https://feedsoft.ai/events/15664-palm-oil-news-palm-oil-of-and-levy-in-february-2024-would-be-us-118-per-ton.md) | +0.6% | +3.9% |
| 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 | 2023-11-17 | [Palm Oil News - CPO RP Got Better: CPO OF and Levy Would be US$ 93/Ton on 16 - 30 November 2023](https://feedsoft.ai/events/15689-palm-oil-news-cpo-rp-got-better-cpo-of-and-levy-would-be-us-93-ton-on-16-30.md) | -0.7% | -3.7% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/13648/april-2024--cpo-reference-price-increases--cpo-of-and-levy-would-be-us--142-ton

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