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Indonesia's Ministry of Trade set the January 2026 crude palm oil reference price at $915.64 per ton, down 1.13% from December. The decline was attributed to higher Malaysian production not matched by demand and a stronger ringgit.
The reference price is used to set export duties and levies.
The lower reference price reflects weaker export pricing and sets the basis for Indonesian export duties, which affects palm cargo costs. Higher production and soft demand are bearish for palm prices.
voi.idDidi KurniawanJan 1, 2026After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
