CPO and Cocoa Bean Reference Prices Experience Decline in Early 2026

Ministry of Trade Announces New Reference Prices

The Indonesian Ministry of Trade has announced new reference prices for Crude Palm Oil (CPO) and cocoa beans for January 2026. The CPO reference price has been set at US$ 915.64 per metric ton, marking a decrease of US$ 10.51 or 1.13% from the December 2025 level of US$ 926.14 per metric ton. This change in reference price directly impacts the calculation of export duties (Bea Keluar) and tariffs for the Palm Oil Plantation Fund (BLU BPDP), formerly known as export levies.

Implications for the Palm Oil Industry

The reduction in CPO reference price has significant implications for Indonesia's palm oil sector, which is a major contributor to the country's export earnings. Lower reference prices typically result in reduced export duties, potentially providing relief to exporters amid global market fluctuations. The palm oil industry is closely monitoring these changes as they affect overall export competitiveness and profitability.

Broader Commodity Price Trends

The decline in CPO reference price is consistent with the movement in cocoa bean prices, suggesting a broader trend in global commodity markets. This correlation highlights the interconnected nature of agricultural commodity pricing and the factors influencing them, including global demand, weather conditions, and production levels.

Market Impact and Stakeholder Response

Industry stakeholders are closely watching these developments as they have direct implications for export strategies and revenue projections. The adjustment in reference prices reflects the dynamic nature of global commodity markets and the need for continuous monitoring of price movements.