# Palm oil rises on demand, Indonesia’s move to keep exports flexible - Markets - Business Recorder

> Malaysian palm oil futures rose 2.42% to 3,637 ringgit a metric ton after Indonesia said it would not make CPO exports mandatory through its new exchange. Demand improvement from China and bargain buying also supported prices after a three-and-a-half month low.

- Date: 2023-10-12 · published 2023-10-12T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/33743-palm-oil-rises-on-demand-indonesia-s-move-to-keep-exports-flexible-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Removing the mandatory export channel reduces fears of forced Indonesian selling, which supports palm prices and tightens near-term supply pressure.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-01-30 | [Indonesia’s palm oil export curbs upend global edible oil markets - Markets - Business Recorder](https://feedsoft.ai/events/8091-indonesia-s-palm-oil-export-curbs-upend-global-edible-oil-markets-markets.md) | +7.1% | +10.5% |
| PALMOIL | 2022-07-13 | [Palm rises on Indonesia’s biodiesel mandate, lower exports cap gains - Markets - Business Recorder](https://feedsoft.ai/events/15804-palm-rises-on-indonesia-s-biodiesel-mandate-lower-exports-cap-gains-markets.md) | -5.7% | -3.0% |
| PALMOIL | 2023-11-02 | [Palm oil rises by more than 2% as Indonesia extends export curbs - Markets - Business Recorder](https://feedsoft.ai/events/33278-palm-oil-rises-by-more-than-2-as-indonesia-extends-export-curbs-markets.md) | +4.1% | +6.2% |
| PALMOIL | 2023-06-30 | [Palm rises on higher Indonesian export levy, weak ringgit - Markets - Business Recorder](https://feedsoft.ai/events/6549-palm-rises-on-higher-indonesian-export-levy-weak-ringgit-markets-business.md) | +8.5% | +13.1% |
| PALMOIL | 2022-02-10 | [Palm rises as Indonesia expands export permit requirements - Markets - Business Recorder](https://feedsoft.ai/events/15843-palm-rises-as-indonesia-expands-export-permit-requirements-markets-business.md) | -0.2% | +19.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40267756

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