# Indonesia's November CPO Benchmark Falls to US$978.90; BPDP Levy US$122.36 - Media Biodiesel

> Indonesia's Ministry of Trade set the November 2026 crude palm oil reference price at US$978.90 per tonne, down 6.07% from October's US$1,042.15. The November export duty is US$124 per tonne and the BPDP levy is US$122.36 per tonne, with the levy rate unchanged at 12.5% of the reference price.

- Date: 2026-10-31 · published 2026-11-01T06:07:12.815Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/4046-indonesia-s-november-cpo-benchmark-falls-to-us-978-90-bpdp-levy-us-122-36-media
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A lower administrative reference price reduces the export levy base and can make Indonesian palm oil cheaper for buyers, which weighs on palm oil and related vegetable oil values. The benchmark does not automatically reset domestic biodiesel or farm-gate prices.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-09-08 | [Indonesia to revamp palm oil levy to support biodiesel programme](https://feedsoft.ai/events/51005-indonesia-to-revamp-palm-oil-levy-to-support-biodiesel-programme.md) | +1.1% | -4.1% |
| PALMOIL | 2021-08-26 | [Indonesia's B40 biodiesel plan faces new delay](https://feedsoft.ai/events/45435-indonesia-s-b40-biodiesel-plan-faces-new-delay.md) | -2.5% | +2.0% |
| PALMOIL | 2022-01-14 | [Malaysia's biodiesel exports to fall to 5-year low](https://feedsoft.ai/events/15853-malaysia-s-biodiesel-exports-to-fall-to-5-year-low.md) | +2.5% | +9.4% |
| PALMOIL | 2025-01-08 | [Palm fell on export concerns, Indonesia’s biodiesel plans - Markets - Business Recorder](https://feedsoft.ai/events/6540-palm-fell-on-export-concerns-indonesia-s-biodiesel-plans-markets-business.md) | +1.2% | +1.1% |
| PALMOIL | 2021-03-23 | [Malaysia's biodiesel exports in 2021 seen falling to four-year low](https://feedsoft.ai/events/47982-malaysia-s-biodiesel-exports-in-2021-seen-falling-to-four-year-low.md) | -0.5% | -2.8% |
| SBO | 2021-06-29 | [Indonesia Revises Palm Oil Export Levy While Safeguarding Biodiesel Funding - Media Biodiesel](https://feedsoft.ai/events/46455-indonesia-revises-palm-oil-export-levy-while-safeguarding-biodiesel-funding.md) | +1.1% | +3.5% |
| SBO | 2018-12-26 | [Indonesia to continue subsidizing biodiesel despite slashing palm oil export levy  : The Daily Digest](https://feedsoft.ai/events/61470-indonesia-to-continue-subsidizing-biodiesel-despite-slashing-palm-oil-export.md) | +0.6% | +6.4% |
| SBO | 2024-04-27 | [OPINION: RI’s Biodiesel: Look Inward To Move Forward - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15649-opinion-ri-s-biodiesel-look-inward-to-move-forward-gabungan-pengusaha-kelapa.md) | -3.9% | +2.4% |

## Sources

- mediabiodiesel.com: https://mediabiodiesel.com/en/november-2026-cpo-reference-price-falls-bpdp-export-levy

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