# The Ministry of Trade Says the Demand Decline Caused CPO Prices to Weaken

> 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.

- Date: 2026-01-01 · published 2026-01-01T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/21162-the-ministry-of-trade-says-the-demand-decline-caused-cpo-prices-to-weaken
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

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.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-01-01 | [Palm Oil Magazine - CPO Reference Price for the Period of January 1 to 15, 2024 Declines: CPO Out Fee and Levy US$93 Per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15673-palm-oil-magazine-cpo-reference-price-for-the-period-of-january-1-to-15-2024.md) | -1.4% | +1.5% |
| PALMOIL | 2023-09-19 | [Palm Oil Magazine - CPO Reference Price Declines, Following are CPO OF and Levy Rates for the period 16 to 30 September 2023 - Palm Oil Magazine](https://feedsoft.ai/events/15702-palm-oil-magazine-cpo-reference-price-declines-following-are-cpo-of-and-levy.md) | -0.4% | -3.1% |
| PALMOIL | 2018-05-06 | [Likely drag on CPO prices \| The Star](https://feedsoft.ai/events/64886-likely-drag-on-cpo-prices-the-star.md) | +1.2% | +1.8% |
| PALMOIL | 2023-06-28 | [Commodity trade: CPO price projection, ready to heat up during the remainder of the year?](https://feedsoft.ai/events/35583-commodity-trade-cpo-price-projection-ready-to-heat-up-during-the-remainder-of.md) | +9.6% | +13.5% |
| PALMOIL | 2024-10-18 | [CPO export duty rates revised to ensure domestic supply, says finance ministry \| FMT](https://feedsoft.ai/events/15614-cpo-export-duty-rates-revised-to-ensure-domestic-supply-says-finance-ministry.md) | +1.7% | +11.7% |

## Sources

- voi.id: https://voi.id/en/economy/548021

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