# Plantation commodity: Palm oil price ignited by export performance

> Indonesian reporting says Malaysian crude palm oil exports surged 19% in the first half of July from a month earlier, according to Intertek. CPO futures rose 0.87% to 3,933 ringgit on July 17, though traders are cautious because of a new Indonesian regulation.

- Date: 2023-07-18 · published 2023-07-18T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/35141-plantation-commodity-palm-oil-price-ignited-by-export-performance
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Strong July export flows from Malaysia tighten available supply and support palm oil prices. Uncertainty around Indonesia's domestic sale rules limits the upside by adding risk to export availability.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-07-20 | [Palm oil exports increase by just 2 percent: GAPKI](https://feedsoft.ai/events/69835-palm-oil-exports-increase-by-just-2-percent-gapki.md) | +1.2% | +3.8% |
| PALMOIL | 2024-06-04 | [India Sees Surge in Palm Oil Imports Amid Price Correction \| Headlines](https://feedsoft.ai/events/8033-india-sees-surge-in-palm-oil-imports-amid-price-correction-headlines.md) | -3.8% | -0.3% |
| PALMOIL | 2020-05-08 | [Laman Web Rasmi KPK - PALM OIL: Malaysia's CPO price may stay higher if export to India is maintained](https://feedsoft.ai/events/6047-laman-web-rasmi-kpk-palm-oil-malaysia-s-cpo-price-may-stay-higher-if-export-to.md) | +2.8% | +21.2% |
| PALMOIL | 2017-02-01 | [CPO Export Drops But Price on the Rise](https://feedsoft.ai/events/73076-cpo-export-drops-but-price-on-the-rise.md) | -0.5% | -8.8% |
| PALMOIL | 2019-04-15 | [Palm oil-based biodiesel exports to China and EU surge in first…](https://feedsoft.ai/events/59478-palm-oil-based-biodiesel-exports-to-china-and-eu-surge-in-first.md) | +0.1% | -9.1% |

## Sources

- pwc.com: https://www.pwc.com/id/en/pwc-publications/industries-publications/consumer-and-industrial-products-and-services/plantation-highlights/july-2023/plantation-commodity-palm-oil-price-ignited-by-export-performance.html

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