# Palm Oil Magazine - CPO Reference Price Up in October 2023, CPO OF and Levy Stay Consistent - Palm Oil Magazine

> 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.

- Date: 2023-10-02 · published 2023-10-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15694-palm-oil-magazine-cpo-reference-price-up-in-october-2023-cpo-of-and-levy-stay
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-08-03 | [Palm Oil Magazine - August 2023 Sees a 4.48% Improvement in CPO Reference Price: CPO OF and Levy Stand at US$ 118 Per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15709-palm-oil-magazine-august-2023-sees-a-4-48-improvement-in-cpo-reference-price.md) | -4.0% | -3.5% |
| PALMOIL | 2025-02-01 | [Palm Oil Magazine - Indonesia's CPO Reference Price in February 2025 Decreases, Export Duty and Levy Set at US$ 195.66 per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15584-palm-oil-magazine-indonesia-s-cpo-reference-price-in-february-2025-decreases.md) | +3.6% | +3.5% |
| PALMOIL | 2024-08-06 | [Palm Oil Magazine - CPO Reference Price Rises to US$ 820.11/MT; Out Fee and Export Levy Set at US$ 118/Ton for August 2024 - Palm Oil Magazine](https://feedsoft.ai/events/15625-palm-oil-magazine-cpo-reference-price-rises-to-us-820-11-mt-out-fee-and-export.md) | -2.2% | +5.0% |
| PALMOIL | 2023-04-04 | [Palm Oil News - CPO Reference Price on 1 - 15 April 2023 Gets Cheaper: CPO OF and Levy Would be US$ 169/ton](https://feedsoft.ai/events/15743-palm-oil-news-cpo-reference-price-on-1-15-april-2023-gets-cheaper-cpo-of-and.md) | -0.5% | -12.2% |
| PALMOIL | 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) | -0.1% | +7.1% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-price/2023/10/02/cpo-reference-price-up-in-october-2023-cpo-of-and-levy-stay-consistent/

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