# Indonesia sets June 1-15 crude palm oil reference price at $811.68

> Indonesia set its crude palm oil reference price for June 1-15, 2023 at $811.68 per tonne, down from $893.23 for May 16-31. The new price sets the export tax at $33 per tonne and the levy at $85 per tonne, both lower than the prior period.

- Date: 2023-05-31 · published 2023-05-31T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/7321-indonesia-sets-june-1-15-crude-palm-oil-reference-price-at-811-68
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Indonesian export taxes and levies reduce the cost of exporting palm oil, which can support export flows and modestly offset bearish pressure. The lower reference price reflects the falling global palm oil market.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-15 | [Indonesia sets May 16-31 crude palm oil reference price at $893.23/t - Markets - Business Recorder](https://feedsoft.ai/events/15733-indonesia-sets-may-16-31-crude-palm-oil-reference-price-at-893-23-t-markets.md) | -2.2% | -9.8% |
| PALMOIL | 2025-12-31 | [Palm Oil Magazine - Indonesia Sets January 2026 CPO Reference Price at USD 915.64 per MT - Palm Oil Magazine](https://feedsoft.ai/events/21610-palm-oil-magazine-indonesia-sets-january-2026-cpo-reference-price-at-usd-915-64.md) | +0.5% | +3.2% |
| PALMOIL | 2022-08-02 | [Palm drops 5% for second day as Indonesia cuts reference price - Markets - Business Recorder](https://feedsoft.ai/events/40139-palm-drops-5-for-second-day-as-indonesia-cuts-reference-price-markets-business.md) | -1.3% | +0.7% |
| PALMOIL | 2025-12-02 | [Palm Oil Magazine - Indonesia Cuts December CPO Reference Price by 3.9%, Adjusts Export Tax and Levy - Palm Oil Magazine](https://feedsoft.ai/events/15509-palm-oil-magazine-indonesia-cuts-december-cpo-reference-price-by-3-9-adjusts.md) | +0.8% | -0.2% |
| PALMOIL | 2023-04-28 | [Crude palm oil prices dive to six-month low as Indonesia revises export policy - Fastmarkets](https://feedsoft.ai/events/4383-crude-palm-oil-prices-dive-to-six-month-low-as-indonesia-revises-export-policy.md) | -9.7% | -7.7% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/commodities/indonesia-sets-june-1-15-crude-palm-oil-reference-price-at-81168-idUSP8N34H01Q/

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