# CPO Reference Price Surges, Export Duty Rises To US$33/MT - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> Indonesia's trade ministry set the crude palm oil reference price for 16-31 July 2023 at US$791.02/tonne, up 5.86%. The export duty was raised to US$33/tonne and the export levy to US$85/tonne.

- Date: 2023-07-19 · published 2023-07-19T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15716-cpo-reference-price-surges-export-duty-rises-to-us-33-mt-gabungan-pengusaha
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher Indonesian export duties and levies raise the cost of exporting palm oil from the world's largest producer, tightening export availability and supporting palm and soy oil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-07-02 | [Government Revises Down Palm Oil Export Duty - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/45937-government-revises-down-palm-oil-export-duty-gabungan-pengusaha-kelapa-sawit.md) | +3.7% | +9.7% |
| PALMOIL | 2021-06-24 | [Palm Oil Export Durty Reviewed - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/46457-palm-oil-export-durty-reviewed-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | +0.5% | +8.4% |
| PALMOIL | 2025-02-06 | [GAPKI Reminds Need To Lift CPO Output To Support B50 In 2026 - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15587-gapki-reminds-need-to-lift-cpo-output-to-support-b50-in-2026-gabungan-pengusaha.md) | +4.4% | +3.3% |
| PALMOIL | 2026-03-12 | [B50 Challenge: Securing Energy Resilience and Export Need - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15485-b50-challenge-securing-energy-resilience-and-export-need-gabungan-pengusaha.md) | +0.9% | +3.9% |
| PALMOIL | 2025-11-25 | [Global Palm Price Set To Rise As RI’s B50 Will Cause Supply Crunch - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/22050-global-palm-price-set-to-rise-as-ri-s-b50-will-cause-supply-crunch-gabungan.md) | +1.8% | -0.2% |
| SBO | 2025-02-06 | [GAPKI Reminds Need To Lift CPO Output To Support B50 In 2026 - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15587-gapki-reminds-need-to-lift-cpo-output-to-support-b50-in-2026-gabungan-pengusaha.md) | +1.7% | -2.2% |
| SBO | 2026-03-12 | [B50 Challenge: Securing Energy Resilience and Export Need - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15485-b50-challenge-securing-energy-resilience-and-export-need-gabungan-pengusaha.md) | -5.5% | -1.7% |
| SBO | 2025-11-25 | [Global Palm Price Set To Rise As RI’s B50 Will Cause Supply Crunch - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/22050-global-palm-price-set-to-rise-as-ri-s-b50-will-cause-supply-crunch-gabungan.md) | +4.6% | -2.1% |

## Sources

- gapki.id: https://gapki.id/en/news/2023/07/19/cpo-reference-price-surges-export-duty-rises-to-us33-mt/

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