REPUBLIKA.CO.ID, JAKARTA — The Ministry of Trade (Kemendag) stated that the decrease in the reference price (HR) of crude palm oil (CPO) for the January 2026 period was caused by increased production, especially from Malaysia, but not followed by an increase in demand. In an official statement from Kemendag in Jakarta on Thursday (1/1/2026), the CPO reference price for the export levy (BK) and export tax (PE) for the January 2026 period was $915.64 per metric ton (MT). This value decreased by $10.51 or 1.13 percent from the CPO reference price for the December 2025 period, which was recorded at $926.14 per MT. "The CPO reference price for January 2026 decreased compared to the December 2025 period due to increased production, especially from Malaysia, which was not followed by an increase in demand and the strengthening of the Malaysian ringgit against the US dollar (USD)," said Acting Director General of Foreign Trade of the Ministry of Trade Tommy Andana. Tommy explained that ...