# Indonesia’s rupiah climbs on palm oil export permits; Asia FX upbeat - Markets - Business Recorder

> The rupiah strengthened 0.3% to its highest since late April after Indonesia issued 160 palm oil export permits to 18 companies, following a three-week export ban. Other Asian currencies also firmed ahead of a key US jobs report.

- Date: 2022-06-03 · published 2022-06-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/41277-indonesia-s-rupiah-climbs-on-palm-oil-export-permits-asia-fx-upbeat-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Indonesian Rupiah (IDR per USD)](https://feedsoft.ai/c/USDIDR.md)

## Why it matters

Resumed Indonesian palm oil export permits ease supply concerns and can soften palm oil prices, while the stronger rupiah lowers local import costs for feed buyers.

## Read by commodity

- USDIDR: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-01-08 | [Palm fell on export concerns, Indonesia’s biodiesel plans - Markets - Business Recorder](https://feedsoft.ai/events/6540-palm-fell-on-export-concerns-indonesia-s-biodiesel-plans-markets-business.md) | +1.2% | +1.1% |
| 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% |
| PALMOIL | 2026-08-21 | [Indonesia expects palm oil export levy collection to jump about 31pc - Markets - Business Recorder](https://feedsoft.ai/events/15447-indonesia-expects-palm-oil-export-levy-collection-to-jump-about-31pc-markets.md) | -0.4% | +2.1% |
| 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 | 2022-06-10 | [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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40177643

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