# Palm oil rises on Nov export strength, higher Indonesian taxes

> Malaysian palm oil futures rose on November 11, 2022, after a surge in Malaysian exports in early November and Indonesia's plan to raise its crude palm oil reference price to US$826.58 per tonne for November 16 to 30 shipments. The contract was still heading for a weekly loss. Malaysian palm oil stocks at the end of October reached a three-year high of 2.4 million tonnes.

- Date: 2022-11-14 · published 2022-11-14T12:00:00.000Z
- Category: trade · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/15779-palm-oil-rises-on-nov-export-strength-higher-indonesian-taxes
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher Indonesian export tax reduces Indonesia's price discount to Malaysian palm oil, which supports Malaysian prices. Strong export flows to India and China help absorb the high stock levels.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-09-20 | [Indonesia’s palm oil exports rise on higher shipments to China \| Air Freight News](https://feedsoft.ai/events/51202-indonesia-s-palm-oil-exports-rise-on-higher-shipments-to-china-air-freight-news.md) | -3.1% | -2.9% |
| PALMOIL | 2026-02-03 | [Indonesia’s December palm oil exports reach 18-month high](https://feedsoft.ai/events/20697-indonesia-s-december-palm-oil-exports-reach-18-month-high.md) | -1.2% | -0.7% |
| PALMOIL | 2021-12-02 | [India to favour Malaysian palm oil as Indonesian taxes rise \| FMT](https://feedsoft.ai/events/15862-india-to-favour-malaysian-palm-oil-as-indonesian-taxes-rise-fmt.md) | +2.6% | +1.2% |
| PALMOIL | 2025-12-01 | [Indonesia postpones palm oil shipments until December in hopes of reducing export taxes](https://feedsoft.ai/events/15507-indonesia-postpones-palm-oil-shipments-until-december-in-hopes-of-reducing.md) | +1.9% | -0.1% |
| PALMOIL | 2019-01-01 | [Malaysian palm oil futures open higher after India import tax cut \| The Star](https://feedsoft.ai/events/5586-malaysian-palm-oil-futures-open-higher-after-india-import-tax-cut-the-star.md) | +6.1% | +8.1% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/palm-oil-rises-on-nov-export-strength-higher-indonesian-taxes/

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