Enviro News Asia, Jakarta – There has been an increase in the Export Benchmark Price (HPE) for certain wood products in the June 2025 period.
This increase applies to processed wood with a cross-sectional area of 1,000–4,000 mm², including meranti and mixed tropical hardwoods, as well as other assortments from plantation forests such as pine, white teak, acacia, sengon, rubberwood, balsa, eucalyptus, and others.
However, there has been a decrease in the HPE for processed wood with a cross-sectional area of 1,000–4,000 mm² from merbau and other assortments, as well as ebony and teak varieties. This was stated in an official release from the Ministry of Trade of the Republic of Indonesia.
Meanwhile, the Reference Price (HR) for crude palm oil (CPO) used to determine the Export Duty (BK) and the tariff of the Public Service Agency of the Palm Oil Plantation Fund Management Board (BLU BPDP-KS), commonly known as the Export Levy (PE), for the June 2025 period is set at USD 856.38/MT. This represents a decrease of USD 68.08 or 7.36 percent from May 2025, which was recorded at USD 924.46/MT.
This decision is outlined in the Minister of Trade Decree Number 1484 of 2025 concerning the Reference Price of Crude Palm Oil Subject to Export Duty and Tariffs of the Public Service Agency of the Palm Oil Plantation Fund Management Board. This decree is valid from June 1–30, 2025.
“At present, the CPO reference price has decreased and is nearing the threshold of USD 680/MT. Therefore, referring to the applicable Minister of Finance Regulation (PMK), the government has set the CPO Export Duty at USD 52/MT and the CPO Export Levy at 10 percent of the CPO Reference Price for the June 2025 period, which amounts to USD 85.6384/MT,” said Acting Director General of Foreign Trade at the Ministry of Trade, Isy Karim, in an official statement.
The CPO Reference Price is derived from the average prices during the April 25–May 24, 2025 period on the Indonesian CPO Exchange (USD 804.50/MT), Malaysian CPO Exchange (USD 908.27/MT), and Rotterdam Port CPO price (USD 1,132.90/MT).
According to Ministry of Trade Regulation Number 46 of 2022, if the price difference among the three sources exceeds USD 40, the CPO Reference Price is calculated using the average of the two median and nearest sources. Based on this provision, the HR is derived from the Malaysian and Indonesian CPO Exchanges. Accordingly, the CPO Reference Price is set at USD 856.38/MT.
Additionally, branded and packaged cooking oil (refined, bleached, and deodorized/RBD palm olein) with a net weight of ≤ 25 kg is subject to an Export Duty of USD 0/MT, with the list of eligible brands stated in Minister of Trade Decree Number 1485 of 2025.
The decrease in the CPO Reference Price is attributed to several factors, including increased production in Malaysia, projected decline in demand from India (a major consumer), and the strengthening of the US dollar.
Furthermore, the reference price for cocoa beans for June 2025 is set at USD 9,591.52/MT, an increase of USD 1,207.77 or 14.41 percent from May 2025. This affects the HPE for cocoa beans, which increases in June 2025 to USD 9,127/MT, up by USD 1,178 or 14.82 percent from May 2025.
The increase in both HR and HPE for cocoa beans is influenced by declining production in key producing countries in West Africa due to high rainfall. However, this price increase does not affect the export duty on cocoa beans, which remains at 15 percent. *
