PALMOILMAGAZINE, JAKARTA – Indonesia’s Ministry of Trade has set the reference price (HR) for crude palm oil (CPO) for the period of April 1–30, 2026 at USD 989.63 per metric ton (MT), marking an increase of USD 50.76 or 5.41% compared to March 2026, which stood at USD 938.87/MT.
According to Director General of Foreign Trade at the Ministry of Trade, Tommy Andana, the price increase is driven by stronger global demand that has not been matched by supply growth, mainly due to declining production. Additionally, rising crude oil prices amid geopolitical tensions in the Middle East have contributed to the upward trend in CPO prices.
In line with the higher reference price, the government has set the export duty (BK) for CPO in April 2026 at USD 148/MT, based on the prevailing Ministry of Finance regulation. Meanwhile, the export levy (PE), managed by the Plantation Fund Management Agency (BPDP), is set at USD 123.7035/MT, equivalent to 12.5% of the CPO reference price.
Also Read: Indonesia Sets March 2026 CPO Reference Price at USD 938.87/MT, Export Duties Adjusted
The export duty for the April 2026 period refers to Column 8, Appendix C of the Ministry of Finance Regulation No. 38/2024 as amended by Regulation No. 68/2025. Meanwhile, the export levy follows Appendix A of Regulation No. 69/2025 as amended by Regulation No. 9/2026.
Tommy further explained that the CPO reference price was calculated based on the average prices recorded between February 20 and March 19, 2026. During this period, the average CPO price was USD 896.94/MT on the Indonesian CPO Exchange, USD 1,082.31/MT on the Malaysian exchange, and USD 1,319.84/MT at the Rotterdam port.
Under Ministry of Trade Regulation No. 35/2025, if the price gap among the three reference markets exceeds USD 40, the HR calculation uses the median and the closest price to it. Based on this methodology, the reference price was derived from the Indonesian and Malaysian CPO exchanges, resulting in the April 2026 HR of USD 989.63/MT.
Also Read: KPBN CPO Price Rises to IDR 15,850/Kg On Monday (March 30), Malaysia Market Extends Gains
In addition, export duties for refined, bleached, and deodorized (RBD) palm olein in branded packaging of ≤25 kg are set at USD 33/MT. The list of eligible brands is stipulated in Minister of Trade Decree No. 561/2026.
The determination of CPO reference prices, along with HR and export benchmark prices (HPE) for cocoa beans, as well as HPE for leather products, wood products, and pine resin, is regulated under Minister of Trade Decree No. 560/2026 concerning export benchmark prices and reference prices for agricultural and forestry products subject to export duties and public service agency tariffs. (P3)
Source: Indonesia’s Ministry of Trade
