PALMOILMAGAZINE, JAKARTA – The Reference Price (HR) for Crude Palm Oil (CPO) used for determining export duties (Bea Keluar/BK) and the Palm Oil Plantation Fund Management Agency (BPDP-KS) Export Levy (Pungutan Ekspor/PE) for the period of April 2025 has been set at US$ 961.54 per metric ton (MT). This marks an increase of US$ 7.03 or 0.74% from the CPO reference price of US$ 954.50/MT for March 2025.
This decision is outlined in the Minister of Trade’s Decree Number 447 of 2025. Acting Director General of Foreign Trade at the Ministry of Trade, Isy Karim, stated that the CPO export duty for April 2025 is based on Column 7 of Attachment C of the Ministry of Finance Regulation (PMK) Number 38 of 2024, set at US$ 124/MT. Meanwhile, the PE for CPO for the same period is based on Attachment I of PMK Number 62 of 2024, set at 7.5% of the CPO HR, or US$ 72.12/MT.
“Currently, the CPO HR has fallen close to the threshold of US$ 680/MT. As per the prevailing PMK, the government imposes an export duty of US$ 124/MT and a PE of 7.5% of the CPO HR for the period of April 2025,” said Isy Karim in a written statement to Palmoilmagazine.com on Friday, March 28, 2025.
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The CPO reference price is based on the average price during the period of February 25 to March 24, 2025, across various exchanges. Prices at the Indonesian CPO Exchange were recorded at US$ 857.47/MT, the Malaysian CPO Exchange at US$ 1,065.60/MT, and the Rotterdam CPO Auction Market at US$ 1,553.06/MT.
According to the Ministry of Trade Regulation (Permendag) Number 46 of 2022, if there is a price difference of more than US$ 40 between the three price sources, the HR CPO calculation uses the median of the two price sources that are closer to the central value. In this case, the HR CPO was determined based on prices from the Malaysian and Indonesian CPO exchanges.
In addition to CPO, refined, bleached, and deodorized (RBD) palm olein in branded packaging weighing ≤ 25 kg will be subject to an export duty of US$ 31/MT, as regulated in the Minister of Trade’s Decree Number 448 of 2025.
The increase in the CPO HR for April 2025 is influenced by several factors, including decreased demand from India and China, as well as limited supply due to heavy rainfall in key production regions in Sumatra and Malaysia. These factors have contributed to price fluctuations in both the global and domestic markets.
With this adjustment, industry players are expected to anticipate the impact on CPO trade and exports to various destination countries. (P2)
