Indonesia’s Ministry of Trade attributed the recent increase in the reference price of crude palm oil (CPO) for November 2025 to the forthcoming implementation of the B50 biodiesel program, stronger demand from Malaysia, and higher global prices for other vegetable oils such as soybean oil. The new CPO reference price has been set at USD 963.75 per metric ton (MT), slightly up from USD 963.61 per MT in October. In line with this adjustment, the government imposed a CPO export duty of USD 124 per MT and an export levy of 10% of the reference price—equivalent to USD 96.37 per MT—for the period of November 1–30, 2025.
The reference price was calculated using the average figures from three markets between September 20 and October 19, 2025: USD 887.73 per MT on the Indonesian CPO Exchange, USD 1,039.76 per MT on the Malaysian exchange, and USD 1,247.67 per MT at the Rotterdam CPO Port. Based on trade regulations, the government selected the two prices closest to the median—the Indonesian and Malaysian exchanges—to set the final reference. The ministry also announced a USD 31 per MT export duty for refined, bleached, and deodorized (RBD) palm olein products in branded packaging of up to 25 kg. These adjustments are expected to bolster trade performance and support Indonesia’s commitment to sustainable biofuel development through the B50 initiative.
