# Indonesia Cuts Palm Oil Benchmark 6% but Keeps Export Levy at 12.5%

> 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.

- Date: 2026-11-04 · published 2026-11-05T06:06:05.307Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/81120-indonesia-cuts-palm-oil-benchmark-6-but-keeps-export-levy-at-12-5
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-11-22 | [Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports](https://feedsoft.ai/events/15606-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports.md) | +0.2% | -3.7% |
| PALMOIL | 2024-09-19 | [Indonesia cuts palm oil levy to be competitive, boost exports \| FMT](https://feedsoft.ai/events/15622-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports-fmt.md) | +2.4% | +11.3% |
| PALMOIL | 2022-06-16 | [Laman Web Rasmi KPK - SAWIT: Indonesia cuts max palm oil export levy to US$200, but to rise in August](https://feedsoft.ai/events/15814-laman-web-rasmi-kpk-sawit-indonesia-cuts-max-palm-oil-export-levy-to-us-200-but.md) | -5.9% | -34.7% |
| PALMOIL | 2023-02-02 | [Indonesia cuts 1H February palm export taxes, levies](https://feedsoft.ai/events/15753-indonesia-cuts-1h-february-palm-export-taxes-levies.md) | +3.1% | +6.5% |
| PALMOIL | 2022-08-29 | [Indonesia extends zero export levy on palm oil - ANTARA News](https://feedsoft.ai/events/15795-indonesia-extends-zero-export-levy-on-palm-oil-antara-news.md) | -4.9% | -10.9% |
| SBO | 2019-10-16 | [Indonesia extends suspension of palm oil export levies](https://feedsoft.ai/events/56445-indonesia-extends-suspension-of-palm-oil-export-levies.md) | +1.5% | +2.1% |
| SBO | 2026-07-13 | [Malaysia poised to gain as Indonesia likely to cut palm oil exports, says MPOC \| Malay Mail](https://feedsoft.ai/events/15452-malaysia-poised-to-gain-as-indonesia-likely-to-cut-palm-oil-exports-says-mpoc.md) | +7.1% | +0.5% |
| SBO | 2021-06-29 | [Indonesia Revises Palm Oil Export Levy While Safeguarding Biodiesel Funding - Media Biodiesel](https://feedsoft.ai/events/46455-indonesia-revises-palm-oil-export-levy-while-safeguarding-biodiesel-funding.md) | +1.1% | +3.5% |

## Sources

- agrilinkage.com: https://www.agrilinkage.com/post/indonesia-cuts-palm-oil-benchmark-6-but-keeps-export-levy-at-12-5

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