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Indonesia's Ministry of Trade set November 2026 crude palm oil export duty at US$124 per tonne and the export levy at US$122.36 per tonne, a combined US$246.36 per tonne. The cut follows a 6.07% fall in the monthly reference price to US$978.90 per tonne, based on prices from September 20 to October 19.
Lower export charges reduce Indonesian export costs and can support regional trade flows, but the lower reference price signals softer international palm oil prices. Buyers in India, China and Pakistan may see lower landed costs, though overall price direction depends on the decline in market prices.
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palmoilmagazine.comPalmoilmagazineNov 2, 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.
After 351 past bearish policy events, Soybean Oil moved a median -0.0% over 5 sessions (49% higher; middle half -1.7% to +1.8%), 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.
