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MPOB raised the October crude palm oil reference price by RM126 to RM4,033.51 per tonne and kept the export tax at 8%. Indonesia cut its reference price for the September 16-30 period and was not collecting palm oil export levies until October 31.
CPO futures fell by RM116 to RM134 per tonne across contracts.
A higher Malaysian reference price combined with a lower Indonesian price and no Indonesian levy makes Malaysian CPO relatively more expensive. This is expected to erode demand for Malaysian palm oil and push prices lower.
theedgemalaysia.comNov 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.
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.
