# Indonesia’s tight supply of CPO benefits Malaysia, say industry experts

> Glenauk Economics expects Indonesia's palm oil supply to stay tight through 2024, with production down about 200,000 tonnes year on year, mainly due to adverse weather and high input costs. Gapki data showed May 2024 output fell 16% and exports fell 12% year on year, with stocks down 12%. Analysts said Malaysia could benefit from buyers shifting toward its supply.

- Date: 2024-07-30 · published 2024-07-30T12:00:00.000Z
- Category: weather · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15629-indonesia-s-tight-supply-of-cpo-benefits-malaysia-say-industry-experts
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Low Indonesian output and stocks support high crude palm oil prices and redirect demand toward Malaysia. Tight global palm oil supply is supportive for vegetable oil and feed-related values.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-12-02 | [Crude Palm Oil (CPO) Industry Indonesia: What about 2017? \| Indonesia Investments](https://feedsoft.ai/events/73371-crude-palm-oil-cpo-industry-indonesia-what-about-2017-indonesia-investments.md) | +1.9% | +1.3% |
| PALMOIL | 2024-12-03 | [Palm oil rises on Malaysia floods, higher Indonesian export tax - Markets - Business Recorder](https://feedsoft.ai/events/27044-palm-oil-rises-on-malaysia-floods-higher-indonesian-export-tax-markets-business.md) | +3.9% | -2.2% |
| PALMOIL | 2023-08-29 | [Malaysian palm jumps 1% amid supply concerns in India - Markets - Business Recorder](https://feedsoft.ai/events/34676-malaysian-palm-jumps-1-amid-supply-concerns-in-india-markets-business-recorder.md) | +1.2% | -3.2% |
| PALMOIL | 2023-09-08 | [Indonesia expects delayed rainy season due to El Nino](https://feedsoft.ai/events/34002-indonesia-expects-delayed-rainy-season-due-to-el-nino.md) | -1.5% | -7.0% |
| PALMOIL | 2023-07-07 | [Malaysia forecasts peak of El Niño to hit in early 2024](https://feedsoft.ai/events/34966-malaysia-forecasts-peak-of-el-nino-to-hit-in-early-2024.md) | -0.1% | +0.4% |

## Sources

- theedgemalaysia.com: https://theedgemalaysia.com/node/721014
- ukragroconsult.com: https://ukragroconsult.com/en/news/indonesias-tight-supply-of-cpo-benefits-malaysia-say-industry-experts/
- gleaf.in: https://www.gleaf.in/news/indonesias-tight-supply-of-cpo-benefits-malaysia-say-industry-experts

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