# Indonesia's palm oil exports to hit record high, despite production shortfall - Grain Price News

> USDA's Jakarta office forecast Indonesian palm oil output at 44.70 million tonnes for 2022-23, below its earlier 46.50 million estimate due to low fertilizer application. Palm oil exports are forecast at a record 29.0 million tonnes, 500,000 tonnes above USDA's forecast, supported by Chinese and Indian demand and the suspension of the export levy.

- Date: 2022-12-07 · published 2022-12-07T12:00:00.000Z
- Category: report · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15771-indonesia-s-palm-oil-exports-to-hit-record-high-despite-production-shortfall
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A production shortfall combined with record exports tightens exportable palm oil supplies, supporting world vegetable oil prices and competing feed-related oil values.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-02 | [Palm Oil Production Indonesia Fell 3% in 2016, Exports Down 5% \| Indonesia Investments](https://feedsoft.ai/events/12326-palm-oil-production-indonesia-fell-3-in-2016-exports-down-5-indonesia.md) | +2.1% | -5.8% |
| PALMOIL | 2017-04-07 | [Palm oil production and exports decline in Indonesia - Biofuels International Magazine](https://feedsoft.ai/events/71387-palm-oil-production-and-exports-decline-in-indonesia-biofuels-international.md) | -3.7% | -2.7% |
| PALMOIL | 2017-02-03 | [Malaysian palm oil rise 1.4% on production, strong exports – Customs Today Newspaper](https://feedsoft.ai/events/12322-malaysian-palm-oil-rise-1-4-on-production-strong-exports-customs-today-newspaper.md) | +0.7% | -7.2% |
| PALMOIL | 2023-02-05 | [Indonesia’s crude palm oil exports to drop further as more palm oil goes to biodiesel - Opinion](https://feedsoft.ai/events/15758-indonesia-s-crude-palm-oil-exports-to-drop-further-as-more-palm-oil-goes-to.md) | +0.8% | +5.9% |
| PALMOIL | 2016-12-19 | [Indonesia state research firm sees 2016 palm oil production down 2.3 percent](https://feedsoft.ai/events/73378-indonesia-state-research-firm-sees-2016-palm-oil-production-down-2-3-percent.md) | -1.2% | -0.3% |
| SBO | 2023-02-05 | [Indonesia’s crude palm oil exports to drop further as more palm oil goes to biodiesel - Opinion](https://feedsoft.ai/events/15758-indonesia-s-crude-palm-oil-exports-to-drop-further-as-more-palm-oil-goes-to.md) | -1.5% | -0.6% |
| SBO | 2019-11-01 | [Malaysian palm oil production to drop slightly in 2020, pushing the price upward, says expert \| Malay Mail](https://feedsoft.ai/events/4290-malaysian-palm-oil-production-to-drop-slightly-in-2020-pushing-the-price-upward.md) | +2.2% | -1.1% |
| SBO | 2024-01-16 | [Indonesia’s 2024 palm oil exports seen down 4% on year – statement](https://feedsoft.ai/events/15677-indonesia-s-2024-palm-oil-exports-seen-down-4-on-year-statement.md) | -0.6% | -1.7% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/12/07/indonesias-palm-oil-exports-to-hit-record-high-despite-production-shortfall/

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