# Businesses have no problem with palm oil export tightened

> Indonesia reduced the export multiplier ratio for palm oil from 1:8 to 1:6 starting January 1, 2023, to boost domestic supply ahead of Ramadan and Eid. The Indonesian Palm Oil Association supports the measure but asks for frequent review given expected declines in first-quarter production.

- Date: 2023-01-03 · published 2023-01-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15764-businesses-have-no-problem-with-palm-oil-export-tightened
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tighter export volume requirements restrict Indonesian palm oil exports, supporting global palm oil prices and tightening vegetable oil supply.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-01-01 | [Indonesia to tighten palm oil exports from January 1](https://feedsoft.ai/events/38337-indonesia-to-tighten-palm-oil-exports-from-january-1.md) | +4.8% | +1.2% |
| PALMOIL | 2021-02-03 | [Palm Oil News - Lame Palm Oil Beaten by Export Tax](https://feedsoft.ai/events/48504-palm-oil-news-lame-palm-oil-beaten-by-export-tax.md) | +2.2% | +8.2% |
| PALMOIL | 2022-03-09 | [Indonesia tightens palm oil export curbs in new hit to global supplies \| Reuters](https://feedsoft.ai/events/42374-indonesia-tightens-palm-oil-export-curbs-in-new-hit-to-global-supplies-reuters.md) | -2.3% | -9.2% |
| PALMOIL | 2019-12-12 | [Malaysia raises export tax for crude palm oil for first time in over a year - The Business Times](https://feedsoft.ai/events/55463-malaysia-raises-export-tax-for-crude-palm-oil-for-first-time-in-over-a-year-the.md) | -0.0% | +11.2% |
| PALMOIL | 2023-11-02 | [Palm oil rises by more than 2% as Indonesia extends export curbs - Markets - Business Recorder](https://feedsoft.ai/events/33278-palm-oil-rises-by-more-than-2-as-indonesia-extends-export-curbs-markets.md) | +4.1% | +6.2% |
| SBO | 2023-01-01 | [Indonesia to tighten palm oil exports from January 1](https://feedsoft.ai/events/38337-indonesia-to-tighten-palm-oil-exports-from-january-1.md) | -1.9% | -6.7% |
| SBO | 2022-03-09 | [Indonesia tightens palm oil export curbs in new hit to global supplies \| Reuters](https://feedsoft.ai/events/42374-indonesia-tightens-palm-oil-export-curbs-in-new-hit-to-global-supplies-reuters.md) | -6.9% | +240.0% |
| SBO | 2022-12-30 | [Indonesia will export less palm oil to keep supplies at home \|  Bloomberg News](https://feedsoft.ai/events/9245-indonesia-will-export-less-palm-oil-to-keep-supplies-at-home-bloomberg-news.md) | -4.0% | -8.2% |

## Sources

- pwc.com: https://www.pwc.com/id/en/pwc-publications/industries-publications/consumer-and-industrial-products-and-services/plantation-highlights/january-2023/businesses-have-no-problem-with-palm-oil-export-tightened.html

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