# Powerful lobby sought to ease Indonesia palm oil exports - Business - The Jakarta Post

> The Indonesian Palm Oil Producers Association (Gapki) forecasts 2017 palm oil exports rising 7.56% to 27 million tons, from 25.1 million in 2016. It expects production to rise 12% to 38.7 million tons.

- Date: 2017-02-03 · published 2017-02-03T12:00:00.000Z
- Category: report · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/12324-powerful-lobby-sought-to-ease-indonesia-palm-oil-exports-business-the-jakarta
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A forecast 12% rise in production outpaces the 7.6% export growth, which would add to domestic stocks and weigh on palm oil prices. The biodiesel mix policy will absorb some of the extra supply.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-03-27 | [Palm oil producers revise up palm oil production, stock data - Business - The Jakarta Post](https://feedsoft.ai/events/72111-palm-oil-producers-revise-up-palm-oil-production-stock-data-business-the.md) | -0.5% | -7.6% |
| PALMOIL | 2017-08-03 | [Indonesia's palm oil exports to hit record in 2017-2018 \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/69562-indonesia-s-palm-oil-exports-to-hit-record-in-2017-2018-agrifish-post-online.md) | -0.6% | +1.3% |
| PALMOIL | 2018-05-25 | [Indonesia`s Palm Oil Exports Dropped in Q1 2018 - The Insiders Stories](https://feedsoft.ai/events/64892-indonesia-s-palm-oil-exports-dropped-in-q1-2018-the-insiders-stories.md) | -0.1% | -5.1% |
| PALMOIL | 2021-05-12 | [USDA sees uptick in Indonesia's palm oil exports in 2021-22](https://feedsoft.ai/events/47189-usda-sees-uptick-in-indonesia-s-palm-oil-exports-in-2021-22.md) | +4.2% | -6.8% |
| PALMOIL | 2021-06-10 | [Palm oil falls to seven-week low on tepid June exports - Markets - Business Recorder](https://feedsoft.ai/events/10808-palm-oil-falls-to-seven-week-low-on-tepid-june-exports-markets-business-recorder.md) | -6.9% | -5.0% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2017/02/03/powerful-lobby-sought-to-ease-indonesian-palm-oil-exports.html

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