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Indonesian Palm Oil Association data show Indonesia's March 2023 palm oil exports fell to 2.64 million tonnes from 2.91 million in February. Output rose to 4.35 million tonnes, and domestic consumption edged up to 1.81 million tonnes.
Lower exports combined with higher production raise domestic supply and add downward pressure on world palm oil prices. Exports to major buyers such as China and India declined.
pwc.comPricewaterhouseCoopersMay 15, 2023After 96 past bearish report events, Palm Oil moved a median -0.1% over 5 sessions (48% higher; middle half -1.3% to +1.6%), and -0.9% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
