# Palm Oil Production Indonesia Fell 3% in 2016, Exports Down 5% | Indonesia Investments

> Gapki reported Indonesia's 2016 palm oil production fell 3% to 34.5 million tons, attributed to El Niño dry weather. Exports fell 5% to 25.1 million tons, while US-bound shipments rose 43% to 1.08 million tons.

- Date: 2017-02-02 · published 2017-02-02T12:00:00.000Z
- Category: report · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/12326-palm-oil-production-indonesia-fell-3-in-2016-exports-down-5-indonesia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

El Niño-driven output losses and lower exports tighten global palm oil supply, supporting prices. Strong US demand points to a shift in edible oil usage that may keep demand firm.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-12-19 | [Indonesia state research firm sees 2016 palm oil production down 2.3 percent](https://feedsoft.ai/events/73378-indonesia-state-research-firm-sees-2016-palm-oil-production-down-2-3-percent.md) | -1.2% | -0.3% |
| PALMOIL | 2024-01-16 | [Indonesia’s 2024 palm oil exports seen down 4% on year – statement](https://feedsoft.ai/events/15677-indonesia-s-2024-palm-oil-exports-seen-down-4-on-year-statement.md) | -0.2% | -1.4% |
| PALMOIL | 2017-04-07 | [Palm oil production and exports decline in Indonesia - Biofuels International Magazine](https://feedsoft.ai/events/71387-palm-oil-production-and-exports-decline-in-indonesia-biofuels-international.md) | -3.7% | -2.7% |
| PALMOIL | 2022-12-07 | [Indonesia's palm oil exports to hit record high, despite production shortfall - Grain Price News](https://feedsoft.ai/events/15771-indonesia-s-palm-oil-exports-to-hit-record-high-despite-production-shortfall.md) | -4.9% | -0.3% |
| PALMOIL | 2024-02-07 | [W5 Palm Oil Update: Indonesia Forecasts 9.08% YoY Surge in Palm Oil Consumption in 2024, India to Bolster Domestic Oilseed Production](https://feedsoft.ai/events/15669-w5-palm-oil-update-indonesia-forecasts-9-08-yoy-surge-in-palm-oil-consumption.md) | +1.2% | +6.2% |

## Sources

- indonesia-investments.com: https://www.indonesia-investments.com/news/todays-headlines/palm-oil-production-indonesia-fell-3-in-2016-exports-down-5/item7578

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