# COVID-19 palm oil depression: Indonesia sees volumes fall drastically for country’s top export commodity

> Indonesia's palm oil export volumes have fallen sharply since the COVID-19 outbreak, with exports to China down 57% and to India down 22% as of March 2020. Shipments to the EU and US also dropped by 30% and 64%. Indonesia exported 36.18 million tonnes of palm oil products in 2019, and GAPKI expects further declines.

- Date: 2020-04-28 · published 2020-04-28T12:00:00.000Z
- Category: trade · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/11556-covid-19-palm-oil-depression-indonesia-sees-volumes-fall-drastically-for
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Indonesia supplies the largest share of world palm oil, so a steep fall in its export volumes tightens global supply availability but reflects weaker demand, leaving prices under pressure.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-08-01 | [Indonesia palm oil exports to US may fall due to tariffs, industry group says](https://feedsoft.ai/events/23854-indonesia-palm-oil-exports-to-us-may-fall-due-to-tariffs-industry-group-says.md) | +1.5% | +5.3% |
| PALMOIL | 2022-05-22 | [Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41497-malaysia-sees-sustained-competitiveness-even-as-indonesia-resumes-palm-oil.md) | +1.8% | -10.6% |
| PALMOIL | 2020-09-17 | [Indonesia's palm oil sector relies on domestic demand as exports drop - Business - The Jakarta Post](https://feedsoft.ai/events/51007-indonesia-s-palm-oil-sector-relies-on-domestic-demand-as-exports-drop-business.md) | +0.1% | +1.0% |
| PALMOIL | 2022-07-20 | [Indonesia’s palm oil exports set to soar 60% in price blow \| FMT](https://feedsoft.ai/events/40582-indonesia-s-palm-oil-exports-set-to-soar-60-in-price-blow-fmt.md) | -0.4% | +3.9% |
| PALMOIL | 2026-07-01 | [Malaysian Palm Oil Exports to Face Pressure From Indonesian Push](https://feedsoft.ai/events/18906-malaysian-palm-oil-exports-to-face-pressure-from-indonesian-push.md) | +0.6% | +0.4% |

## Sources

- foodnavigator.com: https://www.foodnavigator.com/Article/2020/04/28/COVID-19-palm-oil-depression-Indonesia-sees-volumes-fall-drastically-for-country-s-top-export-commodity/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.