Indonesia’s Ministry of Trade has set the export benchmark price (HPE) for gold at USD 135,512.62/kg for the first period of July 2026, down 5.36% from USD 143,190.64/kg in the second period of June 2026. The reference price (HR) also fell to USD 4,214.92 per troy ounce from USD 4,453.73. The figures are established under […]
Topic Archives:Commodities
July 2026: CPO Reference Price Falls, Export Reference Prices for Cocoa Beans and Pine Resin Rise, Wood Products Mixed, Leather Stable
Indonesia’s Ministry of Trade has set the July 2026 reference price (Harga Referensi) for crude palm oil (CPO) at USD 1,000.90/MT, down 2.78% from June 2026, which affects the applicable export duty and palm oil fund levy rates. Export reference prices (HPE) for cocoa beans and pine resin increased, while wood products moved variably and […]
Indonesia’s Export Reference Price for Gold Falls 5.36% for Early July 2026
Indonesia’s Ministry of Trade has set the Export Reference Price (HPE) and Reference Price (HR) for gold for 1–14 July 2026 via Ministerial Decree No. 1505/2026, showing a 5.36% decline. The drop is attributed to a strengthening US dollar and rising US Treasury yields. These prices determine the export duty base for mining products.
Indonesia’s CPO Reference Price Falls 2.78% for July 2026
Indonesia’s Ministry of Trade set the reference price for crude palm oil (CPO) at US$1,000.90 per metric ton for July 2026, down 2.78% (US$28.62) from June 2026’s US$1,029.51/MT. The reference price is used to determine export duties and levies on CPO and related products.
Korea-Saudi Arabia Sign MOU on Crude Oil and Gas Cooperation, Strengthening Resource and Industrial Partnership
South Korea and Saudi Arabia signed an MOU on crude oil and gas cooperation to establish a mid-to-long-term resource cooperation framework. Saudi Arabia, Korea’s top crude oil supplier, previously committed to prioritizing crude and naphtha supply to Korea. The visit also advanced cooperation on manufacturing infrastructure (automotive, shipbuilding) and minerals/advanced industries.
Korea-Mongolia CEPA Negotiations Progress and Strategic Economic Cooperation Discussed
Korea’s Trade Minister met with Mongolia’s Minister of Economic Development to advance the Korea-Mongolia Comprehensive Economic Partnership Agreement (CEPA) negotiations and expand economic cooperation. Mongolia is highlighted as a key emerging trade partner rich in critical minerals including copper, molybdenum, and rare earths. The talks focused on institutionalizing bilateral trade and investment through the CEPA […]
Results of the 42nd Japan-Russia Fisheries Commission Meeting (Japan-Russia Coastal and Offshore Fisheries Negotiations)
Japan and Russia held the 42nd session of their bilateral fisheries commission to negotiate coastal and offshore fishing arrangements. The meeting covered access quotas and conditions for Japanese fishing vessels in Russian waters. Specific allocations and operational terms were agreed upon for the fishing season.
Fish Fund supports Tonga’s first WTO fisheries subsidies notification
Tonga submitted its first-ever fisheries subsidy notification to the WTO under the Agreement on Fisheries Subsidies on 3 June 2026, facilitated by the WTO Fish Fund. The notification was prepared during a May workshop in Nuku’alofa as part of a funded project, marking a milestone for Pacific developing nations in implementing the agreement.
Indonesia-Philippines Agree on Counter-Trade MoUs Worth IDR 6.29 Trillion (USD 350 Million)
Indonesian Trade Minister Budi Santoso witnessed the signing of two tripartite counter-trade MoUs between Indonesian and Philippine businesses, with potential transactions of USD 350 million (IDR 6.29 trillion). The counter-trade arrangement is positioned as a strategic measure to address trade fluctuations. The deal represents a concrete bilateral trade policy outcome between Indonesia and the Philippines.
Indonesia’s Ministry of Trade Issues Three Ministerial Regulations on Export Governance of Strategic Natural Resources (Coal, Palm Oil, Iron Alloys)
Indonesia’s Ministry of Trade issued three new ministerial regulations (Permendag Nos. 15, 16, and 17 of 2026) governing exports of coal, palm oil, and iron alloys, effective 1 June 2026. The regulations implement Government Regulation No. 24 of 2026 and aim to strengthen export governance of strategic natural resource commodities and support domestic downstream industrialization.