# Palm Oil News - FGD SAWIT BERKELANJUTAN: Palm Oil as Sustainable Source of Food and Bioenergy

> Indonesian industry forum InfoSAWIT said palm oil remains central to global food and biofuel supply, with about half of output coming from Indonesia. It said the Russia-Ukraine war disrupted sunflower oil supplies to many countries. The article argues that this shortfall pushed up demand and prices for palm oil.

- Date: 2023-04-15 · published 2023-04-15T12:00:00.000Z
- Category: geopolitics · region Global · magnitude low
- Page: https://feedsoft.ai/events/15744-palm-oil-news-fgd-sawit-berkelanjutan-palm-oil-as-sustainable-source-of-food
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lost sunflower oil supply makes palm oil a substitute, which supports its demand and price. The effect depends on how long sunflower supply stays constrained.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-02-24 | [Food inflation risks balloon as prices of wheat to palm oil soar \| INTERNATIONAL ECONOMY NEWS - Business Standard](https://feedsoft.ai/events/9675-food-inflation-risks-balloon-as-prices-of-wheat-to-palm-oil-soar-international.md) | +13.5% | +11.1% |
| PALMOIL | 2022-02-23 | [Palm oil futures hit all-time high on bullish global energy, vegetable oil markets](https://feedsoft.ai/events/8760-palm-oil-futures-hit-all-time-high-on-bullish-global-energy-vegetable-oil.md) | +15.0% | +10.6% |
| PALMOIL | 2022-05-20 | [Wartime food balance. Part 3.2. Export of oilseeds and by-products](https://feedsoft.ai/events/41520-wartime-food-balance-part-3-2-export-of-oilseeds-and-by-products.md) | +2.6% | -7.0% |
| PALMOIL | 2026-08-29 | [China's Palm, Soybean, and Rapeseed Oil Futures Rise; Crude Up Over 2% on Middle East Tensions \| Gate News](https://feedsoft.ai/events/10975-china-s-palm-soybean-and-rapeseed-oil-futures-rise-crude-up-over-2-on-middle.md) | +4.8% | +1.7% |
| PALMOIL | 2023-07-20 | [Palm oil futures hit four-month high as Black Sea tensions escalate](https://feedsoft.ai/events/11938-palm-oil-futures-hit-four-month-high-as-black-sea-tensions-escalate.md) | +1.6% | -2.4% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/11541/fgd-sawit-berkelanjutan--palm-oil-as-sustainable-source-of-food-and-bioenergy

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