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Indonesia's Trade Ministry set the November 2026 reference price for crude palm oil at US$978.90 per tonne, down 6.07% from October. The cocoa reference price fell 7.33%.
The export levy on CPO remains at 12.5% of the reference price.
Lower reference prices reduce the duty base for Indonesian palm exports, but the levy structure is unchanged. Weaker palm prices modestly ease vegetable oil costs for feed and meal users.
ekonomi.bisnis.comRika AnggraeniNov 1, 2026After 400 past bearish policy events, Palm Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.3% to +1.1%), and +0.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
