# Palm oil price struggles to regain upward trend

> Palm oil futures rose on projected production declines in Malaysia's southern peninsula, which fell 5.6% in the first 25 days of June. Traders also cited rumors that Indonesia will raise crude palm oil export duties in July, with the benchmark price possibly set near $800.50 a ton.

- Date: 2024-06-28 · published 2024-06-28T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/29873-palm-oil-price-struggles-to-regain-upward-trend
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Malaysian output and a possible Indonesian export duty increase would reduce export availability and lift palm oil prices. Buyers sensitive to cost may slow purchases if prices rise.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-03 | [Low palm oil stocks in Indonesia boost prices](https://feedsoft.ai/events/12321-low-palm-oil-stocks-in-indonesia-boost-prices.md) | +0.7% | -7.2% |
| PALMOIL | 2025-08-14 | [Malaysia Raises Sept Crude Palm Oil Reference Price, Lifting Duty to 10% – MPOC](https://feedsoft.ai/events/15538-malaysia-raises-sept-crude-palm-oil-reference-price-lifting-duty-to-10-mpoc.md) | +0.4% | +1.9% |
| PALMOIL | 2020-08-01 | [MPOC: Palm oil price outlook revised higher](https://feedsoft.ai/events/52204-mpoc-palm-oil-price-outlook-revised-higher.md) | +9.8% | +8.6% |
| PALMOIL | 2025-08-29 | [Indonesia raises crude palm oil reference price to $954.71/metric ton in September — TradingView News](https://feedsoft.ai/events/23422-indonesia-raises-crude-palm-oil-reference-price-to-954-71-metric-ton-in.md) | +1.3% | +0.9% |
| PALMOIL | 2018-01-07 | [Shahrir: Palm oil export duty only frozen to raise prices \| Malay Mail](https://feedsoft.ai/events/10986-shahrir-palm-oil-export-duty-only-frozen-to-raise-prices-malay-mail.md) | -1.0% | -1.4% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/palm-oil-price-struggles-to-regain-upward-trend/

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