# Palm drops 3% as Indonesia keeps domestic sale rule - Markets - Business Recorder

> Malaysian palm oil futures fell 3% on Tuesday to 3,813 ringgit a tonne after Indonesia kept its export-to-domestic sales ratio unchanged. Traders also worried about weak export demand, and Malaysian January exports had dropped 27% month on month.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/37901-palm-drops-3-as-indonesia-keeps-domestic-sale-rule-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Indonesia keeping supply flowing to exports, combined with weak demand, adds to the bearish pressure on palm oil and related vegoils. Feed buyers may see softer prices for vegetable oil inputs.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-08-02 | [Palm drops 5% for second day as Indonesia cuts reference price - Markets - Business Recorder](https://feedsoft.ai/events/40139-palm-drops-5-for-second-day-as-indonesia-cuts-reference-price-markets-business.md) | -1.3% | +0.7% |
| PALMOIL | 2022-06-10 | [Palm flops to two-month closing low as Indonesia eases export rules - Markets - Business Recorder](https://feedsoft.ai/events/41051-palm-flops-to-two-month-closing-low-as-indonesia-eases-export-rules-markets.md) | -6.3% | -32.4% |
| PALMOIL | 2025-09-23 | [Palm oil drops 3% as Argentina lifts soyoil export tax - Markets - Business Recorder](https://feedsoft.ai/events/22951-palm-oil-drops-3-as-argentina-lifts-soyoil-export-tax-markets-business-recorder.md) | -0.4% | +0.9% |
| PALMOIL | 2025-01-02 | [Palm oil ends lower after news on Indonesia’s B40 delay - Markets - Business Recorder](https://feedsoft.ai/events/5046-palm-oil-ends-lower-after-news-on-indonesia-s-b40-delay-markets-business.md) | -10.6% | -10.3% |
| PALMOIL | 2022-07-07 | [Palm falls for fifth day on recession woes, Indonesia’s export rules - Markets - Business Recorder](https://feedsoft.ai/events/4991-palm-falls-for-fifth-day-on-recession-woes-indonesia-s-export-rules-markets.md) | -4.4% | -6.4% |
| SBO | 2022-08-02 | [Palm drops 5% for second day as Indonesia cuts reference price - Markets - Business Recorder](https://feedsoft.ai/events/40139-palm-drops-5-for-second-day-as-indonesia-cuts-reference-price-markets-business.md) | +1.8% | +4.8% |
| SBO | 2025-09-23 | [Palm oil drops 3% as Argentina lifts soyoil export tax - Markets - Business Recorder](https://feedsoft.ai/events/22951-palm-oil-drops-3-as-argentina-lifts-soyoil-export-tax-markets-business-recorder.md) | -0.0% | +4.0% |
| SBO | 2022-04-01 | [Palm falls 3pc as India extends stock limit - Markets - Business Recorder](https://feedsoft.ai/events/5914-palm-falls-3pc-as-india-extends-stock-limit-markets-business-recorder.md) | +271.3% | +288.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40223543

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