# Soy oil soars to record as Indonesia expands palm export ban

> Chicago soybean oil futures hit an all-time high as Indonesia's crude palm oil export ban takes effect. Restrictions will remain until domestic prices ease. Brazil yields and Canadian canola acreage are also tightening oilseed supplies.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/41929-soy-oil-soars-to-record-as-indonesia-expands-palm-export-ban
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Tight vegetable oil supplies raise soybean oil values, which strengthens crush margins and can shift soybean meal availability and feed costs.

## Read by commodity

- SBM: neutral
- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| SBO | 2022-04-22 | [Soyoil surges to record high as Indonesia bans palm oil exports](https://feedsoft.ai/events/14040-soyoil-surges-to-record-high-as-indonesia-bans-palm-oil-exports.md) | +3.2% | -4.4% |
| SBO | 2022-02-10 | [Palm rises as Indonesia expands export permit requirements - Markets - Business Recorder](https://feedsoft.ai/events/15843-palm-rises-as-indonesia-expands-export-permit-requirements-markets-business.md) | +0.3% | +12.8% |
| SBO | 2023-02-06 | [Indonesia to suspend some palm oil export permits - officials](https://feedsoft.ai/events/15756-indonesia-to-suspend-some-palm-oil-export-permits-officials.md) | -1.5% | -0.6% |
| SBO | 2022-04-22 | [Indonesia bans palm oil exports as global food inflation spikes](https://feedsoft.ai/events/41928-indonesia-bans-palm-oil-exports-as-global-food-inflation-spikes.md) | +3.2% | -4.4% |
| SBO | 2024-12-19 | [Indonesia to hike crude palm oil export levy to 10pct](https://feedsoft.ai/events/15595-indonesia-to-hike-crude-palm-oil-export-levy-to-10pct.md) | -0.1% | +9.1% |
| PALMOIL | 2022-04-22 | [Soyoil surges to record high as Indonesia bans palm oil exports](https://feedsoft.ai/events/14040-soyoil-surges-to-record-high-as-indonesia-bans-palm-oil-exports.md) | +1.1% | -2.1% |
| PALMOIL | 2022-01-18 | [Indonesia to require palm oil export permits \| Reuters](https://feedsoft.ai/events/15848-indonesia-to-require-palm-oil-export-permits-reuters.md) | +2.6% | +10.9% |
| PALMOIL | 2026-05-26 | [Oil palm fruit left to rot as Indonesia export revamp hits farmers](https://feedsoft.ai/events/19378-oil-palm-fruit-left-to-rot-as-indonesia-export-revamp-hits-farmers.md) | +0.4% | -1.6% |

## Sources

- ajot.com: https://www.ajot.com/news/article/soy-oil-soars-to-record-as-indonesia-expands-palm-export-ban

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