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Indonesia's Trade Ministry set the November 1-30, 2026 crude palm oil reference price at US$978.90 per tonne, down US$63.25 (6.07%) from October's US$1,042.15. The reference price is based on average prices from 20 September to 19 October on the Indonesian, Malaysian and Rotterdam benchmarks, and sets the export tax base.
A lower reference price reduces Indonesia's export duty and levy base, which can ease export costs and add modest bearish pressure on palm oil export prices, while signalling softer recent benchmark prices.
inews.idRohman WibowoNov 3, 2026After 400 past bearish policy events, PALMOIL 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.
