# Commodity trade: CPO price projection, ready to heat up during the remainder of the year?

> PwC Indonesia summarised a Bisnis Indonesia report saying Indonesian palm oil prices are under pressure as export volumes rise and the EU Deforestation-Free Regulation, approved in May and effective December 2024, creates uncertainty. Fresh fruit bunch prices have fallen across most Indonesian regions, which farmers attribute partly to speculators pricing in EUDR compliance risk.

- Date: 2023-06-28 · published 2023-06-28T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/35583-commodity-trade-cpo-price-projection-ready-to-heat-up-during-the-remainder-of
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Deforestation compliance rules for EU-bound palm oil and soybeans may fragment export demand and push prices lower for non-certified supply. Rising Indonesian export volumes add to the bearish pressure on CPO.

## Read by commodity

- SOY: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-01-01 | [The Ministry of Trade Says the Demand Decline Caused CPO Prices to Weaken](https://feedsoft.ai/events/21162-the-ministry-of-trade-says-the-demand-decline-caused-cpo-prices-to-weaken.md) | +0.6% | +3.1% |
| PALMOIL | 2019-04-01 | [Palm Oil Is at the Heart of the Next Trade War](https://feedsoft.ai/events/59954-palm-oil-is-at-the-heart-of-the-next-trade-war.md) | +3.8% | +0.9% |
| PALMOIL | 2020-06-05 | [Putrajaya to provide full exemption on CPO export duty under Penjana \| Malay Mail](https://feedsoft.ai/events/52495-putrajaya-to-provide-full-exemption-on-cpo-export-duty-under-penjana-malay-mail.md) | +1.7% | +1.1% |
| PALMOIL | 2018-02-15 | [Press Release - Indigenous and human rights defenders visiting the EU call for stronger rights protections in agro-commodity business and policies for deforestation-free trade and investment - Forest Peoples Programme](https://feedsoft.ai/events/66517-press-release-indigenous-and-human-rights-defenders-visiting-the-eu-call-for.md) | +0.1% | -2.0% |
| PALMOIL | 2021-12-20 | [India halts futures trade in key farm commodities to fight inflation](https://feedsoft.ai/events/43552-india-halts-futures-trade-in-key-farm-commodities-to-fight-inflation.md) | +1.3% | +11.0% |
| SOY | 2017-10-24 | [The Chain: EU Proposals for Deforestation-Free Supply Chains Another Step in the Transformation of Agricultural Commodity Trade - Chain Reaction Research](https://feedsoft.ai/events/68516-the-chain-eu-proposals-for-deforestation-free-supply-chains-another-step-in-the.md) | -0.8% | +0.9% |
| SOY | 2022-09-06 | [Agricultural commodity trader responses and the effectiveness of the new EU deforestation proposal \| European Forest Institute](https://feedsoft.ai/events/39614-agricultural-commodity-trader-responses-and-the-effectiveness-of-the-new-eu.md) | +2.6% | -9.0% |
| SOY | 2020-07-02 | [Stepping up EU action to protect and restore the world's forests \| European Committee of the Regions](https://feedsoft.ai/events/52140-stepping-up-eu-action-to-protect-and-restore-the-world-s-forests-european.md) | +0.5% | -0.2% |

## Sources

- pwc.com: https://www.pwc.com/id/en/pwc-publications/industries-publications/consumer-and-industrial-products-and-services/plantation-highlights/june-2023/commodity-trade-cpo-price-projection-ready-to-heat-up-during-the-remainder-of-the-year.html

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