# Palm Oil Magazine - Indonesia Sets January 2026 CPO Reference Price at USD 915.64 per MT - Palm Oil Magazine

> 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.

- Date: 2025-12-31 · published 2025-12-31T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/21610-palm-oil-magazine-indonesia-sets-january-2026-cpo-reference-price-at-usd-915-64
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-31 | [Indonesia sets June 1-15 crude palm oil reference price at $811.68](https://feedsoft.ai/events/7321-indonesia-sets-june-1-15-crude-palm-oil-reference-price-at-811-68.md) | -7.4% | -2.2% |
| 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 | 2025-12-02 | [Palm Oil Magazine - Indonesia Cuts December CPO Reference Price by 3.9%, Adjusts Export Tax and Levy - Palm Oil Magazine](https://feedsoft.ai/events/15509-palm-oil-magazine-indonesia-cuts-december-cpo-reference-price-by-3-9-adjusts.md) | +0.8% | -0.2% |
| PALMOIL | 2023-05-15 | [Indonesia sets May 16-31 crude palm oil reference price at $893.23/t - Markets - Business Recorder](https://feedsoft.ai/events/15733-indonesia-sets-may-16-31-crude-palm-oil-reference-price-at-893-23-t-markets.md) | -2.2% | -9.8% |
| 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% |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-price/2026/01/01/indonesia-sets-january-2026-cpo-reference-price-at-usd-915-64-per-mt/

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