# Palm Oil Magazine - CPO Reference Price Rises 3.19%: CPO OF and Levy on 1 - 15 July 2023 - Palm Oil Magazine

> Indonesia's crude palm oil reference price for 1-15 July 2023 was set at US$747.23/tonne, up about 3.3% from the prior period. The trade ministry set the export duty at US$18/tonne and the levy at US$75/tonne. July exports were down 1.51% from June and 19.25% year on year.

- Date: 2023-07-02 · published 2023-07-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15721-palm-oil-magazine-cpo-reference-price-rises-3-19-cpo-of-and-levy-on-1-15-july
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher reference prices and export charges raise the cost of Indonesian palm oil exports, supporting palm oil prices and substitute oils.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 2024-06-03 | [Palm Oil Magazine - Indonesian CPO Reference Price Drops 11.2%: June Out Fee and Levy Set at $93 per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15641-palm-oil-magazine-indonesian-cpo-reference-price-drops-11-2-june-out-fee-and.md) | +2.4% | +2.1% |
| PALMOIL | 2025-10-31 | [Palm Oil Magazine - CPO Reference Price Rises Slightly, Indonesia Sets November 2025 Export Levy at US$124/MT - Palm Oil Magazine](https://feedsoft.ai/events/15521-palm-oil-magazine-cpo-reference-price-rises-slightly-indonesia-sets-november.md) | -5.6% | -5.9% |
| PALMOIL | 2026-02-01 | [Palm Oil Magazine - Indonesia Raises February CPO Reference Price, Export Duty and Levy Increase - Palm Oil Magazine](https://feedsoft.ai/events/15492-palm-oil-magazine-indonesia-raises-february-cpo-reference-price-export-duty-and.md) | +3.3% | +4.0% |
| SBO | 2025-10-31 | [Palm Oil Magazine - CPO Reference Price Rises Slightly, Indonesia Sets November 2025 Export Levy at US$124/MT - Palm Oil Magazine](https://feedsoft.ai/events/15521-palm-oil-magazine-cpo-reference-price-rises-slightly-indonesia-sets-november.md) | -1.8% | +0.4% |
| SBO | 2026-04-30 | [Palm Oil News - Indonesia Sets May 2026 CPO Reference Price at US$1,049.58/MT, Total Export Levy and Duty Reach US$309.20](https://feedsoft.ai/events/15469-palm-oil-news-indonesia-sets-may-2026-cpo-reference-price-at-us-1-049-58-mt.md) | +0.5% | -3.5% |
| SBO | 2025-07-31 | [Indonesia's August CPO Reference Price and Its Implications for Global Palm Oil Markets](https://feedsoft.ai/events/15543-indonesia-s-august-cpo-reference-price-and-its-implications-for-global-palm-oil.md) | -2.0% | -1.4% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-price/2023/07/02/cpo-reference-price-rises-3-19-cpo-of-and-levy-on-1-15-july-2023/

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