# CPO Reference Price for November 2026 Falls, Here Are the Details

> 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.

- Date: 2026-11-03 · published 2026-11-03T09:06:46.510Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/77326-cpo-reference-price-for-november-2026-falls-here-are-the-details
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-09-19 | [Palm Oil Magazine - CPO Reference Price Declines, Following are CPO OF and Levy Rates for the period 16 to 30 September 2023 - Palm Oil Magazine](https://feedsoft.ai/events/15702-palm-oil-magazine-cpo-reference-price-declines-following-are-cpo-of-and-levy.md) | -0.4% | -3.1% |
| PALMOIL | 2023-09-17 | [Palm Oil News - CPO Reference Price Gets Cheaper: Hera Are CPO OF and Levy on 16–30 September 2023](https://feedsoft.ai/events/15701-palm-oil-news-cpo-reference-price-gets-cheaper-hera-are-cpo-of-and-levy-on-16.md) | -1.6% | -4.3% |
| PALMOIL | 2024-01-01 | [Palm Oil Magazine - CPO Reference Price for the Period of January 1 to 15, 2024 Declines: CPO Out Fee and Levy US$93 Per Ton - Palm Oil Magazine](https://feedsoft.ai/events/15673-palm-oil-magazine-cpo-reference-price-for-the-period-of-january-1-to-15-2024.md) | -1.4% | +1.5% |
| PALMOIL | 2025-06-26 | [Malaysia cuts July palm oil reference price, export duty falls to 8.5pct](https://feedsoft.ai/events/15552-malaysia-cuts-july-palm-oil-reference-price-export-duty-falls-to-8-5pct.md) | +2.8% | +6.1% |
| 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% |

## Sources

- inews.id: https://www.inews.id/news/nasional/harga-referensi-cpo-november-2026-turun-berikut-rinciannya

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