# OPINION: Despite Rising Demand, Palm Oil Cannot Make Big Market Sway - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> GAPKI expects palm oil output to rise only slightly in 2023 while global use grows, pointing to shrinking year-end stocks. Palm oil accounts for 35.5% of global vegetable oil output. Policy and energy markets make near-term price forecasts difficult.

- Date: 2023-03-20 · published 2023-03-20T12:00:00.000Z
- Category: report · region Global · magnitude low
- Page: https://feedsoft.ai/events/15750-opinion-despite-rising-demand-palm-oil-cannot-make-big-market-sway-gabungan
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tightening stocks typically support prices, but policy and crude oil swings add uncertainty for vegetable oil buyers.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-08-19 | [Palm Oil Price And Export Improving - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/51474-palm-oil-price-and-export-improving-gabungan-pengusaha-kelapa-sawit-indonesia.md) | -0.7% | +7.2% |
| PALMOIL | 2023-01-25 | [Palm Oil Industry’s Performance In 2022 - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15765-palm-oil-industry-s-performance-in-2022-gabungan-pengusaha-kelapa-sawit.md) | -0.1% | +1.2% |
| PALMOIL | 2025-10-30 | [Consumption Rises, Exports Drop - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15527-consumption-rises-exports-drop-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | -6.6% | -6.1% |
| 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 | 2026-03-14 | [Production Rises, Exports Reach IDR 590 Trillion - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15482-production-rises-exports-reach-idr-590-trillion-gabungan-pengusaha-kelapa-sawit.md) | +0.4% | +1.8% |
| 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 | 2024-02-28 | [Palm Oil Industry Performance In 2023 & Prospects For 2024 - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15667-palm-oil-industry-performance-in-2023-and-prospects-for-2024-gabungan-pengusaha.md) | -0.0% | +7.7% |
| SBO | 2026-03-14 | [Production Rises, Exports Reach IDR 590 Trillion - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15482-production-rises-exports-reach-idr-590-trillion-gabungan-pengusaha-kelapa-sawit.md) | -5.7% | -6.4% |

## Sources

- gapki.id: https://gapki.id/en/news/2023/03/20/opinion-despite-rising-demand-palm-oil-cannot-make-big-market-sway/

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