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Apr 22, 2022POLICYGlobal

Soyoil surges to record high as Indonesia bans palm oil exports

Soybean oil prices surged to a record high after Indonesia banned palm oil exports. Argentina had earlier briefly halted new overseas soyoil and meal sales in March and raised its export tax.

WHY IT MATTERS

Losing palm oil supply pushes buyers toward soyoil, lifting soyoil prices, while Argentina's export controls limit how much of the rally reaches global markets.

AFFECTSSBO▲PALMOIL▲

SOURCE
reuters.comNigel HuntApr 22, 2022

Price reaction & history

SBO▲bullishSO FAR1d +0.9%5d +3.2%20d -4.4%

After 842 past bullish policy events, SBO moved a median +0.2% over 5 sessions (52% higher; middle half -1.6% to +2.1%), and -0.5% over 20.

Apr 28, 2022Soy oil soars to record as Indonesia expands palm export ban-2.7%
Apr 22, 2022Indonesia bans palm oil exports as global food inflation spikes+3.2%
Apr 25, 2022Malaysia urges countries to prioritise food over fuel as Indonesia bans palm exports+1.6%
Jan 1, 2023Indonesia to tighten palm oil exports from January 1-1.9%
Feb 6, 2023Indonesia to suspend some palm oil export permits - officials-1.5%

PALMOIL▲bullishSO FAR1d +0.1%5d +1.1%20d -2.1%

After 548 past bullish policy events, PALMOIL moved a median +0.4% over 5 sessions (61% higher; middle half -0.7% to +2.1%), and +0.9% over 20.

Apr 28, 2022Soy oil soars to record as Indonesia expands palm export ban+8.6%
Apr 22, 2022Indonesia bans palm oil exports as global food inflation spikes+1.1%
May 26, 2026Oil palm fruit left to rot as Indonesia export revamp hits farmers+0.4%
Jan 18, 2022Indonesia to require palm oil export permits | Reuters+2.6%
Apr 25, 2022Malaysia urges countries to prioritise food over fuel as Indonesia bans palm exports+1.2%

Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.

SBO · GP ▸

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PALMOIL · GP ▸

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