# Indonesia’s 2024 palm oil exports seen down 4% on year – statement

> GAPKI said Indonesia's 2024 palm oil exports are expected to fall about 4% to roughly 29 million metric tons. Higher domestic biodiesel demand under the B35 mandate, which raised the palm oil content requirement from 30% to 35%, drives the decline.

- Date: 2024-01-16 · published 2024-01-16T12:00:00.000Z
- Category: report · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15677-indonesia-s-2024-palm-oil-exports-seen-down-4-on-year-statement
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Reduced export availability from the largest palm oil producer supports global vegetable oil prices and raises costs for feed fats.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-02 | [Palm Oil Production Indonesia Fell 3% in 2016, Exports Down 5% \| Indonesia Investments](https://feedsoft.ai/events/12326-palm-oil-production-indonesia-fell-3-in-2016-exports-down-5-indonesia.md) | +2.1% | -5.8% |
| PALMOIL | 2016-12-19 | [Indonesia state research firm sees 2016 palm oil production down 2.3 percent](https://feedsoft.ai/events/73378-indonesia-state-research-firm-sees-2016-palm-oil-production-down-2-3-percent.md) | -1.2% | -0.3% |
| PALMOIL | 2021-03-25 | [Indonesia’s end-2021 palm oil stocks seen plunging - Markets - Business Recorder](https://feedsoft.ai/events/47981-indonesia-s-end-2021-palm-oil-stocks-seen-plunging-markets-business-recorder.md) | -1.3% | -1.8% |
| PALMOIL | 2024-01-16 | [Palm Oil Exports Predicted To Decrease This Year - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15675-palm-oil-exports-predicted-to-decrease-this-year-gabungan-pengusaha-kelapa.md) | -0.2% | -1.4% |
| PALMOIL | 2023-02-05 | [Indonesia’s crude palm oil exports to drop further as more palm oil goes to biodiesel - Opinion](https://feedsoft.ai/events/15758-indonesia-s-crude-palm-oil-exports-to-drop-further-as-more-palm-oil-goes-to.md) | +0.8% | +5.9% |
| SBO | 2024-01-16 | [Palm Oil Exports Predicted To Decrease This Year - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15675-palm-oil-exports-predicted-to-decrease-this-year-gabungan-pengusaha-kelapa.md) | -0.6% | -1.7% |
| SBO | 2023-02-05 | [Indonesia’s crude palm oil exports to drop further as more palm oil goes to biodiesel - Opinion](https://feedsoft.ai/events/15758-indonesia-s-crude-palm-oil-exports-to-drop-further-as-more-palm-oil-goes-to.md) | -1.5% | -0.6% |
| SBO | 2022-12-07 | [Indonesia's palm oil exports to hit record high, despite production shortfall - Grain Price News](https://feedsoft.ai/events/15771-indonesia-s-palm-oil-exports-to-hit-record-high-despite-production-shortfall.md) | -1.4% | -5.2% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/indonesias-2024-palm-oil-exports-seen-down-4-on-year-statement/
- thejakartapost.com: https://www.thejakartapost.com/business/2024/01/23/producers-expect-palm-oil-exports-to-decline-by-4-percent-this-year

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