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GAPKI reported that Indonesian crude palm oil output rose 5.5% in March 2024 to 4.10 million tonnes, with total palm oil exports up 18% to 2.56 million tonnes. Domestic consumption also increased, with food use up 7.5% and biodiesel use down 4%.
Higher Indonesian exports and domestic food demand tighten available supply for importers, supporting palm prices, while biodiesel use is softer.
gapki.idGabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)Jun 1, 2024After 66 past neutral report events, Palm Oil moved a median +0.2% over 5 sessions (58% higher; middle half -0.4% to +2.0%), and +2.2% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
