# Palm Oil News - CPO Reference Price Gets Cheaper on 1 - 15 June: OF and Levy Are US$ 116 Per Ton

> Indonesia set the CPO reference price for 1-15 June 2023 at US$811.68/ton, down 9.13% from the prior period. The export levy was set at US$85/MT and the out fee at US$33/MT for the period.

- Date: 2023-06-02 · published 2023-06-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15728-palm-oil-news-cpo-reference-price-gets-cheaper-on-1-15-june-of-and-levy-are-us
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A lower reference price reduces the levy and fee burden on palm oil exports, which can modestly support export flows and weigh on palm oil prices. The effect is routine and limited in size.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2023-08-03 | [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 | 2022-02-03 | [Palm Oil News - CPO Reference Price Increases: The government Decided OF Remains the Same and Palm Oil Tax US$ 375/ton](https://feedsoft.ai/events/15847-palm-oil-news-cpo-reference-price-increases-the-government-decided-of-remains.md) | +0.3% | +20.4% |
| PALMOIL | 2023-10-02 | [Palm Oil Magazine - CPO Reference Price Up in October 2023, CPO OF and Levy Stay Consistent - Palm Oil Magazine](https://feedsoft.ai/events/15694-palm-oil-magazine-cpo-reference-price-up-in-october-2023-cpo-of-and-levy-stay.md) | -4.8% | -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% |
| SBO | 2024-04-02 | [Palm Oil Magazine - CPO Reference Price Strengthens, Export Duties and Export Levy Tariffs for April 2024 Period Set at USD 142 per MT - Palm Oil Magazine](https://feedsoft.ai/events/15651-palm-oil-magazine-cpo-reference-price-strengthens-export-duties-and-export-levy.md) | +0.4% | -7.6% |
| 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 | 2024-01-01 | [Indonesia lowers Jan 1-15 CPO reference price, maintains export tax and levy rate](https://feedsoft.ai/events/15670-indonesia-lowers-jan-1-15-cpo-reference-price-maintains-export-tax-and-levy-rate.md) | -1.2% | -2.9% |

## Sources

- en.infosawit.com: https://en.infosawit.com/news/11858/cpo-reference-price-gets-cheaper-on-1---15-june--of-and-levy-are-us--116-per-ton

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