InfoSAWIT, JAKARTA – The government has set the Reference Price (HR) for Crude Palm Oil (CPO) for the October 2025 period at US$963.61 per metric ton (MT). This figure is an increase of US$8.89 (0.93%) compared to the September 2025 HR of US$954.71/MT.

The setting is stipulated in the Minister of Trade Decree (Kepmendag) Number 1991 of 2025 concerning the CPO HR Subject to Export Tax (BK) and the Public Service Tariff of the Palm Oil Plantation Fund Management Agency (BPDP), valid from October 1–31, 2025.

Acting Director General of Foreign Trade at the Ministry of Trade, Tommy Andana, explained that this increase places the CPO HR further away from the US$680/MT threshold. Consequently, the government has set the CPO Export Tax (BK) at US$124/MT and the Export Levy (PE) at 10 percent of the HR, or US$96.36/MT, for October 2025.

The CPO BK adheres to Minister of Finance Regulation (PMK) Number 38 of 2024, while the Export Levy follows PMK Number 30 of 2025. The basis for calculating the HR was the average price from August 25–September 24, 2025, across three exchanges: the Indonesian CPO Exchange (US889.19/MT), the Malaysian CPO Exchange(US1,038.02/MT), and Port Rotterdam (US$1,233.93/MT).

In line with Trade Minister Regulation Number 46 of 2022, if the difference among the three price sources exceeds US$40, the HR is calculated from the two prices closest to the median. Thus, the October 2025 HR was determined based on the Malaysian CPO Exchange and the Indonesian CPO Exchange.

In addition to CPO, the government also set the export tax for packaged refined, bleached, and deodorized (RBD) palm olein weighing ≤ 25 kg at US$31/MT.

"The increase in the CPO HR was influenced by a surge in demand, especially from India, which was not matched by an increase in production," Tommy stated in an official release received by InfoSAWIT on Wednesday (10/1/2025). (T2)