# Malaysia CPO to be more expensive with MPOB's higher reference price, say analysts

> 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.

- Date: 2026-11-01 · published 2026-11-01T18:13:28.573Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/30526-malaysia-cpo-to-be-more-expensive-with-mpob-s-higher-reference-price-say
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-06-26 | [Malaysia cuts July palm oil reference price, export duty falls to 8.5pct](https://feedsoft.ai/events/15552-malaysia-cuts-july-palm-oil-reference-price-export-duty-falls-to-8-5pct.md) | +2.8% | +6.1% |
| 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 | 2021-05-19 | [Palm slips 3.5pc on higher export tax reference price, weaker rivals - Markets - Business Recorder](https://feedsoft.ai/events/46979-palm-slips-3-5pc-on-higher-export-tax-reference-price-weaker-rivals-markets.md) | -4.3% | -16.7% |
| PALMOIL | 2018-08-02 | [PORAM: Review Malaysia's CPO export duties to level playing field with Indonesia](https://feedsoft.ai/events/63400-poram-review-malaysia-s-cpo-export-duties-to-level-playing-field-with-indonesia.md) | +1.2% | -0.2% |
| PALMOIL | 2024-01-01 | [Indonesia lowers Jan 1-15 CPO reference price, maintains export tax and levy rate](https://feedsoft.ai/events/15670-indonesia-lowers-jan-1-15-cpo-reference-price-maintains-export-tax-and-levy-rate.md) | -1.4% | +1.5% |

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/article/malaysia-cpo-be-more-expensive-mpobs-higher-reference-price-say-analysts

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