# Palm Oil Production, Exports and Consumption Up

> 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%.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: report · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/30355-palm-oil-production-exports-and-consumption-up
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher Indonesian exports and domestic food demand tighten available supply for importers, supporting palm prices, while biodiesel use is softer.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-04-14 | [Palm unchanged on anticipation of higher production and exports - Markets - Business Recorder](https://feedsoft.ai/events/47469-palm-unchanged-on-anticipation-of-higher-production-and-exports-markets.md) | +3.9% | +15.3% |
| PALMOIL | 2025-12-24 | [Palm Oil Magazine - Palm Oil Production and Exports Strengthen in October 2025, Biodiesel Fuels Domestic Demand - Palm Oil Magazine](https://feedsoft.ai/events/15511-palm-oil-magazine-palm-oil-production-and-exports-strengthen-in-october-2025.md) | +0.2% | +2.4% |
| PALMOIL | 2021-12-20 | [Palm oil production expected to return in earnest next year: OCBC](https://feedsoft.ai/events/43694-palm-oil-production-expected-to-return-in-earnest-next-year-ocbc.md) | +1.3% | +11.0% |
| PALMOIL | 2017-12-17 | [Palm Oil News - Consistent Biodiesel Absroption](https://feedsoft.ai/events/67570-palm-oil-news-consistent-biodiesel-absroption.md) | -0.9% | +3.6% |
| PALMOIL | 2022-02-11 | [Global fishmeal production up, fish oil down - Food & Agribusiness](https://feedsoft.ai/events/42778-global-fishmeal-production-up-fish-oil-down-food-and-agribusiness.md) | +1.3% | +17.9% |

## Sources

- gapki.id: https://gapki.id/en/news/2024/05/30/palm-oil-production-exports-and-consumption-up/

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