# Indonesia seeks to set its own CPO benchmark price by this year-end - Markets - The Jakarta Post

> Indonesia's trade regulator Bappebti plans to set a domestic crude palm oil benchmark price by year-end, requiring CPO exports to go through futures exchanges from June. The aim is to reduce reliance on Rotterdam and Malaysian price references.

- Date: 2023-03-02 · published 2023-03-02T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/36967-indonesia-seeks-to-set-its-own-cpo-benchmark-price-by-this-year-end-markets-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Mandatory exchange-based exports could change how Indonesian palm oil is priced and add trade friction, creating some uncertainty for export flows. The price effect is unclear for now, so the impact is modest.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-12-24 | [Indonesia’s 10% levy could cause CPO exports to plummet \| The Star](https://feedsoft.ai/events/15598-indonesia-s-10-levy-could-cause-cpo-exports-to-plummet-the-star.md) | +0.1% | -10.6% |
| PALMOIL | 2022-02-03 | [Indonesia-based Malaysian planters unable to ride on CPO price boom - Focus Malaysia](https://feedsoft.ai/events/15845-indonesia-based-malaysian-planters-unable-to-ride-on-cpo-price-boom-focus.md) | +0.3% | +20.4% |
| PALMOIL | 2021-01-04 | [Indonesia Set CPO Export Levy US$74 per MT for January - The Insiders Stories](https://feedsoft.ai/events/49040-indonesia-set-cpo-export-levy-us-74-per-mt-for-january-the-insiders-stories.md) | +10.0% | -0.2% |
| PALMOIL | 2017-12-01 | [The hidden cost of Indonesia’s biodiesel mandate to consumers](https://feedsoft.ai/events/67870-the-hidden-cost-of-indonesia-s-biodiesel-mandate-to-consumers.md) | -5.1% | -5.4% |
| PALMOIL | 2017-03-08 | [Malaysia keen to standardise cpo duty structure with Indonesia \| Borneo Post Online](https://feedsoft.ai/events/71875-malaysia-keen-to-standardise-cpo-duty-structure-with-indonesia-borneo-post.md) | -2.6% | -7.5% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/business/2023/03/02/indonesia-seeks-to-set-its-own-cpo-benchmark-price-by-this-year-end

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