# Palm Oil News - Palm Oil OF and Levy in February 2024 Would be US$ 118 per Ton

> Indonesia's February 2024 crude palm oil reference price was set at US$806.40/MT, up 4.06% from the January level of US$774.93. The reference price also sets the export levy and duty, and the government moved to monthly price setting from February.

- Date: 2024-02-02 · published 2024-02-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15664-palm-oil-news-palm-oil-of-and-levy-in-february-2024-would-be-us-118-per-ton
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The higher reference price raises the export levy and duty on Indonesian palm oil, which feeds into export costs and can support palm oil prices in global markets.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-04-03 | [Palm Oil News - April 2024, CPO Reference Price Increases: CPO OF and Levy Would Be US$ 142/Ton](https://feedsoft.ai/events/15650-palm-oil-news-april-2024-cpo-reference-price-increases-cpo-of-and-levy-would-be.md) | +0.5% | -4.0% |
| 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% |
| 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 | 2024-07-03 | [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% |

## Sources

- en.infosawit.com: https://en.infosawit.com/news/13342/palm-oil-of-and-levy-in-february-2024-would-be-us--118-per-ton

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