# Indonesia Sept crude palm oil export reference price, export tax set higher - Markets - Business Recorder

> Indonesia set its September crude palm oil export reference price 13% higher at $1,185.26 per tonne, up from $1,048.62 in August. As a result, the export tax rises from $93 to $166 per tonne, while the export levy stays at $175 per tonne. The reference price is the basis for calculating the export tax.

- Date: 2021-08-27 · published 2021-08-27T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/45440-indonesia-sept-crude-palm-oil-export-reference-price-export-tax-set-higher
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A higher export tax raises the cost of Indonesian palm oil exports, which can cut Indonesian export competitiveness and shift some buying to Malaysia. This supports Malaysian palm prices while weighing on Indonesian export flows.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-10-01 | [Palm bounces back on Indonesia’s October reference price hike - Markets - Business Recorder](https://feedsoft.ai/events/7238-palm-bounces-back-on-indonesia-s-october-reference-price-hike-markets-business.md) | +9.3% | +9.7% |
| PALMOIL | 2022-12-19 | [Palm oil firms on higher crude prices, Indonesia’s plan to raise biofuel mandate - Markets - Business Recorder](https://feedsoft.ai/events/38333-palm-oil-firms-on-higher-crude-prices-indonesia-s-plan-to-raise-biofuel-mandate.md) | -0.6% | +1.5% |
| PALMOIL | 2022-01-30 | [Indonesia’s palm oil export curbs upend global edible oil markets - Markets - Business Recorder](https://feedsoft.ai/events/8091-indonesia-s-palm-oil-export-curbs-upend-global-edible-oil-markets-markets.md) | +7.1% | +10.5% |
| PALMOIL | 2023-06-30 | [Palm rises on higher Indonesian export levy, weak ringgit - Markets - Business Recorder](https://feedsoft.ai/events/6549-palm-rises-on-higher-indonesian-export-levy-weak-ringgit-markets-business.md) | +8.5% | +13.1% |
| PALMOIL | 2025-09-19 | [Malaysia raises October palm oil reference price, keeps export duty at 10% - Markets - Business Recorder](https://feedsoft.ai/events/15535-malaysia-raises-october-palm-oil-reference-price-keeps-export-duty-at-10.md) | -0.3% | +0.9% |
| SBO | 2024-10-01 | [Palm bounces back on Indonesia’s October reference price hike - Markets - Business Recorder](https://feedsoft.ai/events/7238-palm-bounces-back-on-indonesia-s-october-reference-price-hike-markets-business.md) | +1.5% | +2.7% |
| SBO | 2022-09-15 | [Palm dips as stocks rise, Malaysia raises effective export tax - Markets - Business Recorder](https://feedsoft.ai/events/15789-palm-dips-as-stocks-rise-malaysia-raises-effective-export-tax-markets-business.md) | -4.8% | -5.8% |
| SBO | 2025-08-29 | [Indonesia raises crude palm oil reference price to $954.71/metric ton in September — TradingView News](https://feedsoft.ai/events/23422-indonesia-raises-crude-palm-oil-reference-price-to-954-71-metric-ton-in.md) | -1.9% | -6.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40116154

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