Enviro News Asia, Jakarta — The Reference Price (RP) for crude palm oil (CPO), used to determine Export Duty (ED) and the levy charged by the Public Service Agency of the Palm Oil Plantation Fund Management Board (BLU BPDP-KS), commonly referred to as the Export Levy (EL), for the April 2025 period is set at USD 961.54/MT. This marks an increase of USD 7.03 or 0.74 percent from the March 2025 RP, which was recorded at USD 954.50/MT.
This determination is stipulated in the Minister of Trade Decree (Kepmendag) Number 447 of 2025 concerning the CPO RP subject to ED and BLU BPDP-KS Levy for the April 2025 period.
In a press release, Acting Director General of Foreign Trade at the Ministry of Trade, Isy Karim, stated that the CPO ED for April 2025 refers to Column 7 of Attachment C of Minister of Finance Regulation (PMK) Number 38 of 2024, which is USD 124/MT. Meanwhile, the CPO EL for April 2025 refers to Attachment I of PMK Number 62 of 2024, set at 7.5 percent of the CPO RP for April 2025, which amounts to USD 72.1152/MT.
“Currently, the RP for CPO is approaching the threshold of USD 680/MT. Therefore, based on the applicable PMK, the government has set the ED at USD 124/MT and the EL at 7.5 percent of the RP for April 2025, which equals USD 72.1152/MT,” said Isy.
The reference price is calculated based on the average price from February 25 to March 24, 2025, from three sources:
- Indonesia’s CPO Exchange: USD 857.47/MT
- Malaysia’s CPO Exchange: USD 1,065.60/MT
- Rotterdam CPO Auction Market: USD 1,553.06/MT
According to Minister of Trade Regulation (Permendag) Number 46 of 2022, if there is a price discrepancy of more than USD 40 among the three sources, the RP is calculated using the average of the median source and the one closest to it. Thus, the RP is derived from the Malaysian and Indonesian CPO exchanges. Based on this calculation, the RP is set at USD 961.54/MT.
In addition, refined, bleached, and deodorized (RBD) palm olein in branded packaged form with net weight ≤ 25 kg is subject to an ED of USD 31/MT, as specified in Kepmendag Number 448 of 2025, which lists the approved brands of RBD palm olein in small retail packaging.
The increase in CPO RP is attributed to several factors, including declining demand—especially from India and China, and reduced supply due to heavy rainfall in parts of Sumatra and Malaysia.
