# Low palm oil stocks in Indonesia boost prices

> Indonesia's palm oil association reported national palm oil stocks fell 76% in 2016 to 1.07 million tons, from 4.5 million at the end of 2015. The government raised the crude palm oil export tax from $3 to $18 per ton for February, as the benchmark price rose above $800.

- Date: 2017-02-03 · published 2017-02-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/12321-low-palm-oil-stocks-in-indonesia-boost-prices
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tighter Indonesian stocks and a higher export tax reduce export availability and lift palm oil's price relative to sunflower oil. Palm oil becomes more expensive for feed and oilseed buyers.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-06-02 | [Indonesia's B50 push could lift global palm oil prices: report](https://feedsoft.ai/events/24322-indonesia-s-b50-push-could-lift-global-palm-oil-prices-report.md) | +2.3% | +3.8% |
| PALMOIL | 2019-12-20 | [Indonesia launches B30 biodiesel to cut costs, boost palm oil](https://feedsoft.ai/events/8616-indonesia-launches-b30-biodiesel-to-cut-costs-boost-palm-oil.md) | +1.5% | +6.0% |
| PALMOIL | 2026-03-31 | [Indonesia’s push for long-delayed B50 mandate set to boost palm oil prices \| KLSE Screener](https://feedsoft.ai/events/20265-indonesia-s-push-for-long-delayed-b50-mandate-set-to-boost-palm-oil-prices-klse.md) | +4.0% | +1.6% |
| PALMOIL | 2022-11-09 | [Indonesia to Boost Biodiesel Production With Palm Oil Considering High Crude Oil Prices](https://feedsoft.ai/events/15778-indonesia-to-boost-biodiesel-production-with-palm-oil-considering-high-crude.md) | -2.9% | -1.6% |
| PALMOIL | 2018-08-06 | [Global palm oil prices set to rise on Indonesia's biodiesel mandate](https://feedsoft.ai/events/63406-global-palm-oil-prices-set-to-rise-on-indonesia-s-biodiesel-mandate.md) | +1.8% | +0.9% |

## Sources

- grainsprices.com: https://grainsprices.com/article/12124

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