# Sustainable palm oil gets downstream boost in Indonesia | UOB ASEAN Insights

> UOB Indonesia reports that Indonesia is pushing downstream processing in the crude palm oil industry. Investment in downstream industry and CPO and oleochemical activity is rising under the Prabowo administration. The article is a general sector overview without a new market-moving event.

- Date: 2024-12-23 · published 2024-12-23T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15602-sustainable-palm-oil-gets-downstream-boost-in-indonesia-uob-asean-insights
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Downstream processing investment may gradually shift more palm oil into domestic refining, but the effect on near-term prices is limited.

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-03 | [Low palm oil stocks in Indonesia boost prices](https://feedsoft.ai/events/12321-low-palm-oil-stocks-in-indonesia-boost-prices.md) | +0.7% | -7.2% |
| PALMOIL | 2023-06-08 | [Indonesia, Malaysia aim to fight 'discrimination' against palm oil](https://feedsoft.ai/events/35529-indonesia-malaysia-aim-to-fight-discrimination-against-palm-oil.md) | +2.1% | +14.6% |
| PALMOIL | 2017-03-24 | [Local palm oil buyers boost imports from Indonesia \| FMT](https://feedsoft.ai/events/72114-local-palm-oil-buyers-boost-imports-from-indonesia-fmt.md) | -0.6% | -7.7% |
| PALMOIL | 2020-04-27 | [Sustainable Palm Oil, in line with European proposals against imported deforestation](https://feedsoft.ai/events/53663-sustainable-palm-oil-in-line-with-european-proposals-against-imported.md) | -4.9% | -4.9% |
| PALMOIL | 2022-04-28 | [Indonesia bans palm oil exports](https://feedsoft.ai/events/20-indonesia-bans-palm-oil-exports.md) | +8.6% | -1.2% |
| SBO | 2022-04-28 | [Indonesia bans palm oil exports](https://feedsoft.ai/events/20-indonesia-bans-palm-oil-exports.md) | -2.7% | -7.3% |
| SBO | 2024-11-22 | [Indonesia Cuts Palm Oil Levy to Be Competitive, Boost Exports](https://feedsoft.ai/events/15606-indonesia-cuts-palm-oil-levy-to-be-competitive-boost-exports.md) | -3.6% | -5.3% |
| SBO | 2026-06-30 | [Indonesia biofuel push adds strain to producers, palm oil markets](https://feedsoft.ai/events/18903-indonesia-biofuel-push-adds-strain-to-producers-palm-oil-markets.md) | +1.3% | +1.8% |

## Sources

- uobgroup.com: https://www.uobgroup.com/asean-insights/articles/indonesia-palm-oil.page

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