# November CPO Price Increase Influenced By Requests From India And China

> Indonesia's Ministry of Trade set the November 2024 CPO reference price at US$961.96 per tonne, up US$68.32 from October. The ministry cited stronger demand from India and China and a long dry season reducing global production.

- Date: 2024-11-01 · published 2024-11-01T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/4982-november-cpo-price-increase-influenced-by-requests-from-india-and-china
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher reference price raises the export duty base and confirms firm demand from India and China, supporting palm prices and the cost of palm-based feed fats.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-10-02 | [Rising CPO Prices Affected By Increased Demand From India](https://feedsoft.ai/events/7239-rising-cpo-prices-affected-by-increased-demand-from-india.md) | +3.6% | +5.8% |
| PALMOIL | 2023-11-04 | [Palm Oil News - CPO Reference Price Increased: CPO OF and Levy Would be US$ 93/Ton on 1 - 15 November 2023](https://feedsoft.ai/events/15687-palm-oil-news-cpo-reference-price-increased-cpo-of-and-levy-would-be-us-93-ton.md) | +1.3% | +3.5% |
| PALMOIL | 2024-09-05 | [Palm Oil News - CPO Reference Price Gets increased in September 2024, Out Fee and Export Duties Would be US$ 142 per Ton](https://feedsoft.ai/events/6164-palm-oil-news-cpo-reference-price-gets-increased-in-september-2024-out-fee-and.md) | +0.4% | +12.0% |
| PALMOIL | 2026-02-01 | [Palm Oil Magazine - Indonesia Raises February CPO Reference Price, Export Duty and Levy Increase - Palm Oil Magazine](https://feedsoft.ai/events/15492-palm-oil-magazine-indonesia-raises-february-cpo-reference-price-export-duty-and.md) | +3.3% | +4.0% |
| PALMOIL | 2024-04-03 | [Palm Oil News - April 2024, CPO Reference Price Increases: CPO OF and Levy Would Be US$ 142/Ton](https://feedsoft.ai/events/15650-palm-oil-news-april-2024-cpo-reference-price-increases-cpo-of-and-levy-would-be.md) | +0.5% | -4.0% |

## Sources

- voi.id: https://voi.id/en/economy/430130

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