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Indonesia set the CPO reference price at US$827.37 per metric ton for October 1-15, 2023, up US$28.54 or 3.57% from the prior period. Because the price exceeded the US$680 threshold, the export levy was set at US$85 per ton and the export fee at US$33 per ton.
A higher reference price raises Indonesian export levies and fees, which can narrow the export arbitrage and modestly support palm oil prices abroad. The effect is incremental, as the change is a routine biweekly adjustment.
palmoilmagazine.comPalmoilmagazineOct 2, 2023After 513 past neutral policy events, Palm Oil moved a median 0.0% over 5 sessions (50% higher; middle half -1.6% to +1.4%), and -0.1% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
