# Even world's top oil palm grower Indonesia is worried about prices | The Straits Times

> Indonesia, the world's top palm oil grower, plans to subsidise locally sold cooking oil using 3.6 trillion rupiah from its palm oil export levy. Crude palm oil prices rose to a record about RM5,037 a tonne amid tight global vegetable oil supplies.

- Date: 2022-01-06 · published 2022-01-06T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/15849-even-world-s-top-oil-palm-grower-indonesia-is-worried-about-prices-the-straits
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Subsidies aim to cap domestic prices without curbing exports, so the effect on world palm oil prices is mixed, though record prices reflect strong global demand.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-01-27 | [Indonesia wants palm oil exporters to trade on local exchanges - The Business Times](https://feedsoft.ai/events/15762-indonesia-wants-palm-oil-exporters-to-trade-on-local-exchanges-the-business.md) | -1.9% | +2.1% |
| PALMOIL | 2021-09-01 | [Unpacking the EU’s Confused Approach to Indonesian Palm Oil - Indonesia Palm Oil Facts](https://feedsoft.ai/events/45102-unpacking-the-eu-s-confused-approach-to-indonesian-palm-oil-indonesia-palm-oil.md) | +3.2% | +2.0% |
| PALMOIL | 2026-09-16 | [Indonesia expects palm oil export levy collection to jump about 31%](https://feedsoft.ai/events/15441-indonesia-expects-palm-oil-export-levy-collection-to-jump-about-31.md) | -1.5% | -5.7% |
| PALMOIL | 2019-02-11 | [Can Big Brother technology clean up palm oil's image? \| The Straits Times](https://feedsoft.ai/events/60694-can-big-brother-technology-clean-up-palm-oil-s-image-the-straits-times.md) | -1.4% | -7.5% |
| PALMOIL | 2023-03-17 | [Indonesia pledges policy transparency with new palm oil exchange - The Business Times](https://feedsoft.ai/events/15748-indonesia-pledges-policy-transparency-with-new-palm-oil-exchange-the-business.md) | -2.8% | -6.4% |

## Sources

- straitstimes.com: https://www.straitstimes.com/business/economy/even-the-worlds-top-palm-oil-grower-is-worried-about-prices

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