# Indonesia shakes palm oil market again, eyeing biodiesel over exports - Nikkei Asia

> Indonesia is devoting more palm oil to domestic use, shifting focus from exports toward biodiesel less than a year after its brief export ban. The article notes the country's push to boost domestic consumption as the EU steps up its deforestation rules.

- Date: 2023-02-07 · published 2023-02-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15757-indonesia-shakes-palm-oil-market-again-eyeing-biodiesel-over-exports-nikkei-asia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Diverting palm oil to domestic biodiesel reduces exportable supply and adds to volatility in world palm prices. Uncertainty about export flows tends to support palm oil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-06 | [Indonesia’s biodiesel thirst may weaken palm oil exports](https://feedsoft.ai/events/54503-indonesia-s-biodiesel-thirst-may-weaken-palm-oil-exports.md) | -2.7% | -11.2% |
| PALMOIL | 2025-05-14 | [Indonesian palm oil exports set to fall with biofuel mandate - Nikkei Asia](https://feedsoft.ai/events/24754-indonesian-palm-oil-exports-set-to-fall-with-biofuel-mandate-nikkei-asia.md) | +0.7% | +1.5% |
| PALMOIL | 2022-08-30 | [Palm Oil Rises After Indonesia Raises Export Tax, Biodiesel Use](https://feedsoft.ai/events/15797-palm-oil-rises-after-indonesia-raises-export-tax-biodiesel-use.md) | -7.5% | -11.0% |
| PALMOIL | 2022-07-13 | [Palm rises on Indonesia’s biodiesel mandate, lower exports cap gains - Markets - Business Recorder](https://feedsoft.ai/events/15804-palm-rises-on-indonesia-s-biodiesel-mandate-lower-exports-cap-gains-markets.md) | -5.7% | -3.0% |
| PALMOIL | 2024-02-28 | [Indonesia palm oil firms warn of food security risks as biodiesel use rises - Nikkei Asia](https://feedsoft.ai/events/9425-indonesia-palm-oil-firms-warn-of-food-security-risks-as-biodiesel-use-rises.md) | +3.1% | +9.0% |
| SBO | 2025-05-14 | [Indonesian palm oil exports set to fall with biofuel mandate - Nikkei Asia](https://feedsoft.ai/events/24754-indonesian-palm-oil-exports-set-to-fall-with-biofuel-mandate-nikkei-asia.md) | -0.6% | -4.3% |
| SBO | 2022-07-13 | [Palm rises on Indonesia’s biodiesel mandate, lower exports cap gains - Markets - Business Recorder](https://feedsoft.ai/events/15804-palm-rises-on-indonesia-s-biodiesel-mandate-lower-exports-cap-gains-markets.md) | +0.0% | +4.2% |
| SBO | 2024-02-28 | [Indonesia palm oil firms warn of food security risks as biodiesel use rises - Nikkei Asia](https://feedsoft.ai/events/9425-indonesia-palm-oil-firms-warn-of-food-security-risks-as-biodiesel-use-rises.md) | -0.0% | +7.7% |

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/commodities/indonesia-shakes-palm-oil-market-again-eyeing-biodiesel-over-exports

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