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Indonesia's Trade Ministry set the January 2026 crude palm oil reference price at USD 915.64 per tonne, down USD 10.51 or 1.13% from December. The ministry cited higher production, especially in Malaysia, and weaker demand, along with a stronger ringgit.
The reference price sets export duties and plantation fund levies.
A lower reference price reduces Indonesian export duty and levy costs, which can support export margins. The signal of rising output and soft demand points to continued pressure on palm oil prices.
palmoilmagazine.comPalmoilmagazineDec 31, 2025After 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.
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.
