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Indonesia's Ministry of Trade set the November crude palm oil reference price at $978.90 per tonne, down $63.25 from October. Exporters still pay a $124 per tonne export duty plus a levy of 12.5% of the reference price, about $122 per tonne.
Lower reference prices and levies make Indonesian palm oil somewhat more competitive in export markets, but the fixed duty keeps the export burden high, limiting the effect on supply. Competing vegetable oils may face modest price pressure.
agrilinkage.comAgriLinkage Trade, CommoditiesNov 4, 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 196 past neutral policy events, Soybean Oil moved a median +0.1% over 5 sessions (52% higher; middle half -1.6% to +2.0%), and -0.5% 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.
