MARKET DEVELOPMENT
Indonesia increased the reference price and export duty on palm oil
Indonesia increased the reference price and export duty on palm oil
Indonesia increased the reference price and export duty on palm oil
03/03/2026 (Ukr Agro Consult) - The reference price for crude palm oil in Indonesia has been raised to $938.87 per tonne for March. It was $918.47 per tonne in February, Reuters reports.
The export duty on crude palm oil will increase this month from $74 to $124.
As a reminder, Indonesian authorities also levy a separate 10% export tax on crude palm oil.
Source: OleoScope