# Indonesia president declares end of palm oil export ban from Monday | Reuters

> Indonesian President Joko Widodo announced that the palm oil export ban imposed April 28 will be lifted from Monday, May 23, citing improved domestic cooking oil supply. The ban had cost about $407 million per month according to the finance minister.

- Date: 2022-05-19 · published 2022-05-19T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/41501-indonesia-president-declares-end-of-palm-oil-export-ban-from-monday-reuters
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lifting the ban restores a large share of world palm oil exports, which is bearish for palm oil and competing vegetable oils, though government will monitor supply and prices closely.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-04-25 | [Crude palm oil excluded from Indonesia export ban](https://feedsoft.ai/events/41968-crude-palm-oil-excluded-from-indonesia-export-ban.md) | +1.2% | -1.7% |
| PALMOIL | 2020-09-30 | [Indonesia resumes collecting palm oil export levies](https://feedsoft.ai/events/51006-indonesia-resumes-collecting-palm-oil-export-levies.md) | -2.4% | +1.7% |
| PALMOIL | 2019-09-30 | [Indonesia may reinstate palm oil export levy from January 1  : The Daily Digest](https://feedsoft.ai/events/56962-indonesia-may-reinstate-palm-oil-export-levy-from-january-1-the-daily-digest.md) | -2.1% | +2.5% |
| PALMOIL | 2025-01-02 | [Indonesia's B40 palm oil delay causes market uncertainty \| Reuters](https://feedsoft.ai/events/5045-indonesia-s-b40-palm-oil-delay-causes-market-uncertainty-reuters.md) | -10.6% | -10.3% |
| PALMOIL | 2017-03-24 | [Local palm oil buyers boost imports from Indonesia \| FMT](https://feedsoft.ai/events/72114-local-palm-oil-buyers-boost-imports-from-indonesia-fmt.md) | -0.6% | -7.7% |
| SBO | 2022-10-07 | [Indonesia to extend export levy waiver on palm oil to year-end \| FEAG](https://feedsoft.ai/events/15782-indonesia-to-extend-export-levy-waiver-on-palm-oil-to-year-end-feag.md) | +1.8% | +7.7% |
| SBO | 2022-08-30 | [Palm Oil Rises After Indonesia Raises Export Tax, Biodiesel Use](https://feedsoft.ai/events/15797-palm-oil-rises-after-indonesia-raises-export-tax-biodiesel-use.md) | +0.7% | -9.6% |
| SBO | 2022-06-07 | [Indonesia to cut maximum palm oil export tax and levy to a combined $488/T -trade minister \| Reuters](https://feedsoft.ai/events/15811-indonesia-to-cut-maximum-palm-oil-export-tax-and-levy-to-a-combined-488-t-trade.md) | -4.9% | -21.1% |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indonesia-mps-seek-palm-oil-export-ban-review-industry-warns-storage-2022-05-19/

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