# Indonesia lowers Jan 1-15 CPO reference price, maintains export tax and levy rate

> Indonesia lowered its crude palm oil reference price for the Jan 1-15 period to $746.69 per ton from $767.51. The government kept the export tax and levy rate unchanged.

- Date: 2024-01-01 · published 2024-01-01T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15670-indonesia-lowers-jan-1-15-cpo-reference-price-maintains-export-tax-and-levy-rate
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The lower reference price reduces the duty base, but unchanged rates mean no new cost shock; the palm oil price signal is modestly bearish for vegetable oils and soybean oil.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-12-02 | [Palm Oil Magazine - Indonesia Cuts December CPO Reference Price by 3.9%, Adjusts Export Tax and Levy - Palm Oil Magazine](https://feedsoft.ai/events/15509-palm-oil-magazine-indonesia-cuts-december-cpo-reference-price-by-3-9-adjusts.md) | +0.8% | -0.2% |
| PALMOIL | 2019-09-30 | [Indonesia may reinstate palm oil export levy from January 1  : The Daily Digest](https://feedsoft.ai/events/56962-indonesia-may-reinstate-palm-oil-export-levy-from-january-1-the-daily-digest.md) | -2.1% | +2.5% |
| PALMOIL | 2022-06-07 | [Indonesia to cut maximum palm oil export tax and levy to a combined $488/T -trade minister \| Reuters](https://feedsoft.ai/events/15811-indonesia-to-cut-maximum-palm-oil-export-tax-and-levy-to-a-combined-488-t-trade.md) | -7.4% | -35.7% |
| PALMOIL | 2023-05-31 | [Indonesia sets June 1-15 crude palm oil reference price at $811.68](https://feedsoft.ai/events/7321-indonesia-sets-june-1-15-crude-palm-oil-reference-price-at-811-68.md) | -7.4% | -2.2% |
| PALMOIL | 2025-12-31 | [Palm Oil Magazine - Indonesia Sets January 2026 CPO Reference Price at USD 915.64 per MT - Palm Oil Magazine](https://feedsoft.ai/events/21610-palm-oil-magazine-indonesia-sets-january-2026-cpo-reference-price-at-usd-915-64.md) | +0.5% | +3.2% |
| SBO | 2025-09-30 | [Palm Oil Magazine - Indonesia's CPO Reference Price for October 2025 Increases, Government Sets Export Levy at US$ 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) | +2.2% | +2.9% |
| SBO | 2021-08-27 | [Indonesia Sept crude palm oil export reference price, export tax set higher - Markets - Business Recorder](https://feedsoft.ai/events/45440-indonesia-sept-crude-palm-oil-export-reference-price-export-tax-set-higher.md) | -1.8% | -4.6% |
| SBO | 2023-06-02 | [Palm Oil News - CPO Reference Price Gets Cheaper on 1 - 15 June: OF and Levy Are US$ 116 Per Ton](https://feedsoft.ai/events/15728-palm-oil-news-cpo-reference-price-gets-cheaper-on-1-15-june-of-and-levy-are-us.md) | +5.0% | +20.5% |

## Sources

- thestar.com.my: https://www.thestar.com.my/aseanplus/aseanplus-news/2024/01/01/indonesia-lowers-jan-1-15-cpo-reference-price-maintains-export-tax-and-levy-rate

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