# Sekretariat Kabinet Republik Indonesia | Gov’t Bans Palm Oil Export Starting April 28 - Sekretariat Kabinet Republik Indonesia

> Indonesia's government officially imposed a palm oil export ban starting April 28, 2022, covering crude palm oil, red palm oil, POME, RBD palm oil and used cooking oil. Officials said the ban continues until bulk cooking oil reaches Rp14,000 per liter nationwide and set strict penalties for violations.

- Date: 2022-04-27 · published 2022-04-27T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/15829-sekretariat-kabinet-republik-indonesia-gov-t-bans-palm-oil-export-starting
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md)

## Why it matters

A broad export ban removes a large share of world palm oil supply, pushing palm and soyoil prices sharply higher and boosting demand for substitute vegetable oils.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-05-09 | 5 | -10.5% | -3.0 | The Indonesian ban's implementation on April 28 drove a spike in prices; the subsequent drop of more than 10% reflects reversal and profit-taking as the ban's duration and storage constraints became clearer. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-11-01 | [Sekretariat Kabinet Republik Indonesia \| Gov't Extends CPO Zero Export Levy until December - Sekretariat Kabinet Republik Indonesia](https://feedsoft.ai/events/15773-sekretariat-kabinet-republik-indonesia-gov-t-extends-cpo-zero-export-levy-until.md) | +13.1% | +9.0% |
| PALMOIL | 2022-04-28 | [Soy oil soars to record as Indonesia expands palm export ban](https://feedsoft.ai/events/41929-soy-oil-soars-to-record-as-indonesia-expands-palm-export-ban.md) | +8.6% | -1.2% |
| PALMOIL | 2022-04-22 | [Soyoil surges to record high as Indonesia bans palm oil exports](https://feedsoft.ai/events/14040-soyoil-surges-to-record-high-as-indonesia-bans-palm-oil-exports.md) | +1.1% | -2.1% |
| PALMOIL | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +1.1% | -2.1% |
| PALMOIL | 2021-04-06 | [Indonesia’s Palm Oil Tax Regime as of April 2021](https://feedsoft.ai/events/47464-indonesia-s-palm-oil-tax-regime-as-of-april-2021.md) | -1.7% | +9.0% |
| SBO | 2022-04-28 | [Soy oil soars to record as Indonesia expands palm export ban](https://feedsoft.ai/events/41929-soy-oil-soars-to-record-as-indonesia-expands-palm-export-ban.md) | -2.7% | -7.3% |
| SBO | 2022-04-22 | [Soyoil surges to record high as Indonesia bans palm oil exports](https://feedsoft.ai/events/14040-soyoil-surges-to-record-high-as-indonesia-bans-palm-oil-exports.md) | +3.2% | -4.4% |
| SBO | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +3.2% | -4.4% |

## Sources

- setkab.go.id: https://setkab.go.id/en/govt-bans-palm-oil-export-starting-april-28/

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