Indonesia Sets September CPO Reference Price at USD 1,007.51 per MT

RRI.CO.ID, Jakarta - The Indonesian Ministry of Trade has set the Reference Price (RP) for crude palm oil (CPO) for September 2026 at USD 1,007.51 per metric ton (MT), up USD 10.99, or 1.10 percent, from the August reference price of USD 996.52 per MT.

Director General of Foreign Trade, Tommy Andana, said the government imposes a CPO Export Duty (BK) of USD 148 per MT and an Export Levy (PE) of 12.5 percent, amounting to USD 125.9389 per MT for September 2026.

“The CPO Reference Price for September 2026 has increased compared to August 2026. Under the applicable Minister of Finance Regulation (PMK), the government imposes a CPO BK of USD 148 per MT,” Tommy said in a statement in Jakarta on Tuesday, September 1, 2026.

The September BK refers to PMK No. 38/2024 in conjunction with PMK No. 68/2025, while the PE is based on PMK No. 69/2025 in conjunction with PMK No. 9/2026.

The CPO RP was determined using average prices recorded between July 20 and August 19, 2026. Prices reached USD 904.75 per MT on the Indonesian CPO Exchange and USD 1,110.27 per MT on the Malaysian CPO Exchange.

Minister of Trade Regulation No. 35/2025 stipulates that if the average difference among the three reference sources exceeds USD 40, the RP must be calculated using the median and nearest‑to‑median price sources. Based on this rule, the September RP was derived from the Indonesian and Malaysian CPO Exchanges.

In addition to CPO, the Ministry set the RP for cocoa beans for September 2026 at USD 5,635.76 per MT, an increase of USD 210.79 or 3.89 percent from the previous period. The Export Reference Price (ERP) for cocoa beans also rose to USD 5,271 per MT, up USD 206 or 4.07 percent.

Tommy said the increases in the RP and ERP for cocoa beans were driven by declining production in major producing regions, particularly West Africa, due to pest infestations and adverse weather linked to El Niño. “The ERP and RP are calculated by taking into account market conditions, changes in international logistics costs, and global trade dynamics,” he said.

Meanwhile, the ERP for pine resin for September 2026 rose to USD 1,052 per MT, an increase of USD 39 or 3.85 percent compared to August 2026. (Gusti Panji)