# Palm Oil News - CPO Reference Price on 1 - 15 April 2023 Gets Cheaper: CPO OF and Levy Would be US$ 169/ton

> Indonesia's CPO reference price for 1 to 15 April 2023 fell 1.44% to 898.29 USD per tonne. Based on that price, the CPO export fee was set at 74 USD per tonne and the levy at 95 USD per tonne. Branded cooking oil packs of 25 kg or less were set at a zero export fee.

- Date: 2023-04-04 · published 2023-04-04T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15743-palm-oil-news-cpo-reference-price-on-1-15-april-2023-gets-cheaper-cpo-of-and
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower reference prices reduce the export fee and levy that Indonesia applies to palm oil, which can make exports slightly more competitive. The change is small and mostly reflects the fall in prices.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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% |
| 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 | 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 | 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 | 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% |

## Sources

- en.infosawit.com: https://en.infosawit.com/news/11490/cpo-reference-price-on-1---15-april-2023-gets-cheaper--cpo-of-and-levy-would-be-us--169-ton

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