# Exports Drop, Stock Up - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> Indonesian palm oil association data show April 2024 CPO production rose 0.32% to 4.115 million tons. Exports fell 14.94% from March to 2.178 million tons, while local consumption dipped slightly, leaving stocks higher.

- Date: 2024-06-24 · published 2024-06-24T12:00:00.000Z
- Category: report · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15642-exports-drop-stock-up-gabungan-pengusaha-kelapa-sawit-indonesia-gapki
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Rising stocks alongside weaker exports point to a looser supply balance, which is bearish for palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-02-02 | [Refleksi Industri Kelapa Sawit 2017 & Prospek 2018 - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/66570-refleksi-industri-kelapa-sawit-2017-and-prospek-2018-gabungan-pengusaha-kelapa.md) | -0.5% | -1.1% |
| PALMOIL | 2018-05-25 | [Indonesia`s Palm Oil Exports Dropped in Q1 2018 - The Insiders Stories](https://feedsoft.ai/events/64892-indonesia-s-palm-oil-exports-dropped-in-q1-2018-the-insiders-stories.md) | -0.1% | -5.1% |
| PALMOIL | 2021-05-12 | [USDA sees uptick in Indonesia's palm oil exports in 2021-22](https://feedsoft.ai/events/47189-usda-sees-uptick-in-indonesia-s-palm-oil-exports-in-2021-22.md) | +4.2% | -6.8% |
| PALMOIL | 2022-03-24 | [Indonesian palm oil output, exports to hit record high in 2022-23 - Grain Price News](https://feedsoft.ai/events/15835-indonesian-palm-oil-output-exports-to-hit-record-high-in-2022-23-grain-price.md) | -0.9% | -4.0% |
| PALMOIL | 2017-08-03 | [Indonesia's palm oil exports to hit record in 2017-2018 \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/69562-indonesia-s-palm-oil-exports-to-hit-record-in-2017-2018-agrifish-post-online.md) | -0.6% | +1.3% |

## Sources

- gapki.id: https://gapki.id/en/news/2024/06/24/exports-drop-stock-up/

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