InfoSAWIT, JAKARTA – The Indonesian government has set the reference price (HR) for crude palm oil (CPO) at US$989.63 per metric ton (MT) for the April 1–30, 2026 period, marking a 5.41% increase from March’s US$938.87/MT.

According to InfoSAWIT, citing the Ministry of Trade on Wednesday (April 1, 2026), Director General of Foreign Trade Tommy Andana attributed the increase to stronger global demand amid constrained supply.

“The increase is driven by rising demand not matched by supply due to declining production, as well as higher crude oil prices linked to geopolitical tensions in the Middle East,” he said.

As a result, the CPO export duty (BK) is set at US$148/MT, while the export levy stands at US$123.7035/MT, equivalent to 12.5% of the reference price.

The HR calculation is based on average prices between February 20 and March 19, 2026, with Indonesian CPO at US$896.94/MT, Malaysian CPO at US$1,082.31/MT, and Rotterdam prices at US$1,319.84/MT.

Due to price disparities exceeding US$40, the government used Indonesian and Malaysian prices as the median references. (T2)