InfoSAWIT, JAKARTA – The Indonesian government has set the June 2026 reference price (HR) for crude palm oil (CPO) at US$1,029.51 per metric ton (MT), down US$20.07 or approximately 1.91% from May’s level of US$1,049.58 per MT.
The reference price applies during June 1–30, 2026 and serves as the basis for calculating export duties (BK) and the export levy administered through the Public Service Agency of the Plantation Fund Management Agency (BPDP).
According to Indonesia’s Ministry of Trade, weaker demand from major importing countries—particularly India—was the primary factor behind the decline.
Director General of Foreign Trade Tommy Andana said the weakening demand significantly influenced this month’s price adjustment.
“The June 2026 CPO reference price declined compared with May due to weaker demand from major importing countries such as India,” Tommy said in an official statement received by InfoSAWIT on Sunday (31/5/2026).
Under prevailing Finance Ministry regulations, Indonesia has set the CPO export duty at US$148 per MT, while the export levy stands at 12.5% of the June reference price, equivalent to US$128.6892 per MT.
The June export duty determination refers to Finance Ministry Regulation (PMK) No. 38/2024 in conjunction with PMK No. 68/2025, while the export levy is based on PMK No. 69/2025 together with PMK No. 9/2026.
The reference price calculation was based on average prices recorded between April 20 and May 19, 2026 from the Indonesia CPO Exchange, Bursa Malaysia, and Rotterdam prices.
Average prices stood at US$920.80 per MT on the Indonesia exchange, US$1,138.22 per MT in Malaysia, and US$1,429.40 per MT at Rotterdam.
Because the price gap exceeded US$40, the government applied the median calculation mechanism stipulated under Trade Minister Regulation No. 35/2025.
Using this method, Indonesia adopted the two price sources closest to the median—Malaysia and Indonesia exchanges—resulting in the June 2026 CPO reference price of US$1,029.51 per MT.
In addition to crude palm oil, the government also set export duties for branded Refined, Bleached and Deodorized (RBD) palm olein packaged up to 25 kilograms at US$33 per MT, as stipulated under Trade Minister Decree No. 1415/2026. (T2)
