# Indonesian palm oil output, exports to hit record high in 2022-23 - Grain Price News

> A USDA attache forecast puts Indonesian palm oil output at a record 46.0 million tonnes for 2022-23, up 500,000 tonnes. Exports are forecast to reach a record 30.0 million tonnes, supported by demand from China and India.

- Date: 2022-03-24 · published 2022-03-24T12:00:00.000Z
- Category: report · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15835-indonesian-palm-oil-output-exports-to-hit-record-high-in-2022-23-grain-price
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A record Indonesian output and export forecast points to ample palm oil supply, which is bearish for palm oil prices despite the export taxes.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-08-03 | [Indonesia's palm oil exports to hit record in 2017-2018 \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/69562-indonesia-s-palm-oil-exports-to-hit-record-in-2017-2018-agrifish-post-online.md) | -0.6% | +1.3% |
| PALMOIL | 2021-05-12 | [USDA sees uptick in Indonesia's palm oil exports in 2021-22](https://feedsoft.ai/events/47189-usda-sees-uptick-in-indonesia-s-palm-oil-exports-in-2021-22.md) | +4.2% | -6.8% |
| PALMOIL | 2022-07-08 | [China's palm oil imports to avoid 17-year low, with soy imports to exceed forecasts too - Grain Price News](https://feedsoft.ai/events/14914-china-s-palm-oil-imports-to-avoid-17-year-low-with-soy-imports-to-exceed.md) | -8.7% | -9.2% |
| PALMOIL | 2026-10-05 | [Malaysian palm oil stockpiles hit record amid output surge \| The Straits Times](https://feedsoft.ai/events/17177-malaysian-palm-oil-stockpiles-hit-record-amid-output-surge-the-straits-times.md) | +1.3% | +2.1% |
| PALMOIL | 2019-04-29 | [Malaysian palm oil output likely to be higher in 2019  - The HinduBusinessLine](https://feedsoft.ai/events/6147-malaysian-palm-oil-output-likely-to-be-higher-in-2019-the-hindubusinessline.md) | -7.8% | -7.9% |

## Sources

- grainpricenews.com: https://grainpricenews.com/2022/03/24/indonesian-palm-oil-output-exports-to-hit-record-high-in-2022-23/

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