# Palm at One-Month Low as Indonesia Cuts Reference Price

> Malaysian crude palm oil futures traded near RM 4,391/MT, down 0.2%, at a one-month low amid rising inventory concerns and softer competing vegetable oils. Indonesia set its November 2026 CPO reference price at about $978.90/MT, down 6.07% from October, with the export levy fixed at US$124/tonne.

- Date: 2026-11-03 · published 2026-11-03T15:56:38.494Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/78041-palm-at-one-month-low-as-indonesia-cuts-reference-price
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A lower Indonesian reference price and levy lighten duty costs for Indonesian exporters and may revive export flows, adding supply into a market with record stocks. Weaker crude after a slide of more than 13% on the week erodes biodiesel demand support, pointing to softer palm oil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- palmoileconomics.com: https://palmoileconomics.com/news/2026-11-03-palm-softens-as-crude-slide-and-duty-cuts-weigh

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