The reference price for crude palm oil (CPO) is set to decline for the period of June 1–30, 2026. According to the Ministry of Trade, this downward adjustment is primarily driven by a weakening in demand from key importing nations, most notably India.
For the upcoming June period, the CPO reference price has been established at US$ 1,029.51 per metric ton. This represents a decrease of US$ 20.07, or approximately 1.91 percent, compared to the previous period’s price of US$ 1,049.58 per metric ton.
Tommy Andana, the Director General of Foreign Trade at the Ministry of Trade, confirmed the development in Jakarta on Saturday, June 30, 2026. He attributed the price dip directly to the cooling appetite from major international buyers, with India cited as the leading example.
In accordance with current Ministry of Finance regulations, the government has set the CPO export duty at US$ 148 per metric ton. Additionally, the export tax for the same period is fixed at 12.5 percent of the reference price, amounting to US$ 128.69 per metric ton.
These fiscal measures are governed by the specific provisions outlined in the Minister of Finance Regulation (PMK) Number 38 of 2024 (in conjunction with PMK Number 68 of 2025) for export duties, and PMK Number 69 of 2025 (in conjunction with PMK Number 9 of 2026) for export taxes.
The reference price itself is calculated based on the average market data from April 20 to May 19, 2026. During this window, prices were recorded at US$ 920.80 per metric ton on the Indonesian CPO exchange, US$ 1,138.22 per metric ton on the Malaysian CPO exchange, and US$ 1,429.40 per metric ton at the Rotterdam port.
Following the guidelines set out in Ministry of Trade Regulation Number 35 of 2025, if the price disparity between the three sources exceeds US$ 40, the reference price must be derived from the average of the two sources closest to the median. Consequently, the calculation for June 2026 utilizes the data from the Malaysian and Indonesian CPO exchanges to arrive at the final figure of US$ 1,029.51 per metric ton.
Meanwhile, for branded refined, bleached, and deodorized (RBD) palm olein packaged in quantities of 25 kilograms or less, an export duty of US$ 33 per metric ton has been applied. This specific mandate is detailed in the Minister of Trade Decree Number 1415 of 2026, which formalizes the list of branded products subject to these regulations.
Editor’s Choice: Saudi Arabia Lifts Moratorium on Indonesian Shrimp Exports
Summary
The Indonesian Ministry of Trade has set the crude palm oil (CPO) reference price for June 2026 at US$ 1,029.51 per metric ton, marking a 1.91 percent decrease from the previous month. This downward adjustment is primarily attributed to weakening demand from key international importers, particularly India. The new reference price was determined by averaging market data from the Indonesian and Malaysian CPO exchanges, following established regulatory guidelines.
In response to the updated reference price, the government has established an export duty of US$ 148 per metric ton and an export tax of US$ 128.69 per metric ton. These fiscal measures are enforced in compliance with specific Ministry of Finance regulations regarding export levies. Additionally, a separate export duty of US$ 33 per metric ton has been applied to branded refined, bleached, and deodorized (RBD) palm olein products in small packaging.