# Declining Indonesian palm oil exports may affect domestic supply, officials say - Markets - The Jakarta Post

> Indonesia's palm oil product exports fell to 1.89 million tons in January and 1.01 million tons in February 2024, below the past-year monthly average. A trade official said weaker competitiveness against soy and canola oils reduced demand. Companies hold about 5.58 million tons of outstanding export quotas.

- Date: 2024-03-25 · published 2024-03-25T12:00:00.000Z
- Category: trade · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/31289-declining-indonesian-palm-oil-exports-may-affect-domestic-supply-officials-say
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Indonesian export flows tighten global palm supply and could reduce domestic supply for cheap cooking oil programs. Price support is likely if export demand stays weak and buyers switch to rival oils.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-12-01 | [Indonesia postpones palm oil shipments until December in hopes of reducing export taxes](https://feedsoft.ai/events/15507-indonesia-postpones-palm-oil-shipments-until-december-in-hopes-of-reducing.md) | +1.9% | -0.1% |
| PALMOIL | 2026-02-03 | [Indonesia’s December palm oil exports reach 18-month high](https://feedsoft.ai/events/20697-indonesia-s-december-palm-oil-exports-reach-18-month-high.md) | -1.2% | -0.7% |
| PALMOIL | 2018-02-04 | [Indonesia Palm Oil Exports to India Seen at Record on Demand - Bloomberg](https://feedsoft.ai/events/66571-indonesia-palm-oil-exports-to-india-seen-at-record-on-demand-bloomberg.md) | +0.4% | -0.4% |
| PALMOIL | 2019-10-29 | [As India, EU may increase duties, Indonesia eyes China for palm oil export](https://feedsoft.ai/events/56447-as-india-eu-may-increase-duties-indonesia-eyes-china-for-palm-oil-export.md) | +13.0% | +17.4% |
| PALMOIL | 2019-10-09 | [Interview: Indonesia minister says Jakarta plans to hold talks with India to cut palm oil duty](https://feedsoft.ai/events/56449-interview-indonesia-minister-says-jakarta-plans-to-hold-talks-with-india-to-cut.md) | +0.0% | +16.9% |
| SBO | 2017-09-11 | [Commentary: Indonesia enjoys big biodiesel surplus but loses export markets - Opinion - The Jakarta Post](https://feedsoft.ai/events/68829-commentary-indonesia-enjoys-big-biodiesel-surplus-but-loses-export-markets.md) | -0.1% | -5.4% |
| SBO | 2018-05-31 | [Palm oil exports from Indonesia and Malaysia fell](https://feedsoft.ai/events/65117-palm-oil-exports-from-indonesia-and-malaysia-fell.md) | -2.6% | -7.8% |
| SBO | 2022-05-22 | [Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41497-malaysia-sees-sustained-competitiveness-even-as-indonesia-resumes-palm-oil.md) | -1.6% | -9.5% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/business/2024/03/25/declining-indonesian-palm-oil-exports-may-affect-domestic-supply-officials-say

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