# RI To Intensify Downstreaming Of Palm Oil Industries Next Year - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> Indonesia plans to deepen downstreaming of its palm oil industry next year to boost exports and smallholder welfare. Finance Minister Sri Mulyani Indrawati cited palm oil export taxes and levies as revenue sources and said the government will work to stabilize palm oil prices. Biodiesel B35 and B40 production and consumption are also part of the plan.

- Date: 2024-08-20 · published 2024-08-20T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/15623-ri-to-intensify-downstreaming-of-palm-oil-industries-next-year-gabungan
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger domestic processing and biodiesel demand can tighten Indonesian palm oil supply available for export, which supports international palm oil prices. Price stabilization measures may also limit how far domestic prices move.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-10-29 | [RI-Malaysia Strengthens Bilateral Ties On Palm Oil - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/44420-ri-malaysia-strengthens-bilateral-ties-on-palm-oil-gabungan-pengusaha-kelapa.md) | +1.9% | -0.1% |
| PALMOIL | 2021-07-02 | [Government Revises Down Palm Oil Export Duty - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/45937-government-revises-down-palm-oil-export-duty-gabungan-pengusaha-kelapa-sawit.md) | +3.7% | +9.7% |
| PALMOIL | 2021-06-24 | [Palm Oil Export Durty Reviewed - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/46457-palm-oil-export-durty-reviewed-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | +0.5% | +8.4% |
| PALMOIL | 2020-11-05 | [Palm Oil Industry Helps Realize Energy Mix Target - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/50046-palm-oil-industry-helps-realize-energy-mix-target-gabungan-pengusaha-kelapa.md) | +7.5% | +10.7% |
| PALMOIL | 2022-08-11 | [RI, Malaysia Agree To Keep Advocating Palm Oil Sustainability - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15799-ri-malaysia-agree-to-keep-advocating-palm-oil-sustainability-gabungan-pengusaha.md) | +1.5% | -11.2% |

## Sources

- gapki.id: https://gapki.id/en/news/2024/08/20/ri-to-intensify-downstreaming-of-palm-oil-industries-next-year/

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