{
    "success": true,
    "data": {
        "id": 1833363,
        "msgid": "trade-ministry-weak-global-demand-causes-cpo-price-decline-1782870759",
        "date": "2026-07-01 08:10:02",
        "title": "Trade Ministry: Weak global demand causes CPO price decline",
        "author": "",
        "source": "ANTARA_ID",
        "tags": "",
        "topic": "Trade",
        "summary": "Indonesia's reference price for crude palm oil (CPO) fell to USD 1,000.90 per metric ton for July 2026, a 2.78 per cent drop from June. The Ministry of Trade attributed the decline to weakening global demand, particularly from major importer India, and lower world crude oil prices. The new reference price will be used to calculate export duties and levies for the period.",
        "content": "<p>The Ministry of Trade has stated that weakening global demand caused\nthe reference price for crude palm oil (CPO) to fall in July 2026.\nDirector General of Foreign Trade Tommy Andana said the CPO reference\nprice for determining export duties and export levies for the July 2026\nperiod is USD 1,000.90 per metric ton (MT), down USD 28.61 or 2.78 per\ncent compared to the June 2026 CPO reference price of USD 1,029.51 per\nMT. \u201cThe decline in the CPO reference price was influenced by weakening\nglobal demand, especially from India as one of the main importing\ncountries, as well as the decline in world crude oil prices which also\ndepressed vegetable oil prices on the international market,\u201d Tommy said\nin a statement in Jakarta on Wednesday. Tommy noted that the decline in\nthe CPO reference price reflects price developments in the global\nmarket, which serve as the benchmark for setting export duties and\nlevies. The service tariff for the Oil Palm Plantation Fund Management\nAgency or CPO export levy is set at 12.5 per cent of the CPO reference\nprice, equivalent to USD 125.11 per MT, referring to Attachment Letter A\nof Minister of Finance Regulation Number 69 of 2025 in conjunction with\nMinister of Finance Regulation Number 9 of 2026. The determination of\nthe CPO reference price is based on the average price for the period 20\nMay to 19 June 2026, sourced from the Indonesia CPO Exchange at USD\n890.84 per MT, the Malaysia CPO Exchange at USD 1,110.97 per MT, and the\nRotterdam CPO price at USD 1,468.28 per MT. In accordance with Minister\nof Trade Regulation Number 35 of 2025, if the difference in the average\nprice from the three sources exceeds USD 40, the reference price is\ndetermined using the two price sources that are the median and the one\nclosest to the median. Meanwhile, branded packaged refined, bleached,\nand deodorised (RBD) palm olein products with a net weight of up to 25\nkilograms are subject to an export duty of USD 33 per MT. The list of\nbrands subject to this tariff is stipulated through Minister of Trade\nDecree Number 1503 of 2026.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/trade-ministry-weak-global-demand-causes-cpo-price-decline-1782870759",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}