# Indonesia sets CPO reference price for February at US$806.40/tonne

> Indonesia raised its February crude palm oil reference price to US$806.40/tonne from US$774.93, according to a trade ministry circular. The increase moved the export levy to US$85/tonne and the export duty to US$33/tonne from US$75 and US$18 previously.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15662-indonesia-sets-cpo-reference-price-for-february-at-us-806-40-tonne
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher export taxes make Indonesian palm oil dearer for buyers abroad, which can shift demand toward rival vegetable oils and support palm oil prices relative to alternatives.

## Read by commodity

- SBO: bullish ▲
- 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 | 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% |
| 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 | 2017-01-27 | [Indonesia to set February crude palm oil export tax at $18 per tonne](https://feedsoft.ai/events/72868-indonesia-to-set-february-crude-palm-oil-export-tax-at-18-per-tonne.md) | -0.9% | -5.2% |
| PALMOIL | 2025-07-31 | [Indonesia's August CPO Reference Price and Its Implications for Global Palm Oil Markets](https://feedsoft.ai/events/15543-indonesia-s-august-cpo-reference-price-and-its-implications-for-global-palm-oil.md) | +1.9% | +5.3% |
| SBO | 2017-01-27 | [Indonesia to set February crude palm oil export tax at $18 per tonne](https://feedsoft.ai/events/72868-indonesia-to-set-february-crude-palm-oil-export-tax-at-18-per-tonne.md) | +0.3% | -6.0% |
| SBO | 2025-07-31 | [Indonesia's August CPO Reference Price and Its Implications for Global Palm Oil Markets](https://feedsoft.ai/events/15543-indonesia-s-august-cpo-reference-price-and-its-implications-for-global-palm-oil.md) | -2.0% | -1.4% |
| SBO | 2025-10-31 | [Palm Oil Magazine - CPO Reference Price Rises Slightly, Indonesia Sets November 2025 Export Levy at US$124/MT - Palm Oil Magazine](https://feedsoft.ai/events/15521-palm-oil-magazine-cpo-reference-price-rises-slightly-indonesia-sets-november.md) | -1.8% | +0.4% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/indonesia-sets-cpo-reference-price-for-february-at-us-806-40-tonne

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