# Why Indonesia’s Palm Oil Export Ban Could Backfire | Carnegie Endowment for International Peace

> Indonesian President Joko Widodo announced a ban on palm oil exports covering both crude and refined oil, which Indonesia later reversed for crude palm oil before reinstating it. The government said the ban was meant to curb rising food prices and local unrest, and the article argues it could upend the economy and push global vegetable oil prices higher.

- Date: 2022-04-28 · published 2022-04-28T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/42139-why-indonesia-s-palm-oil-export-ban-could-backfire-carnegie-endowment-for
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Indonesia accounts for more than a third of global vegetable oil exports, so restricting its palm oil supply tightens world vegetable oil markets and supports prices for substitute oils such as soybean oil.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 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) | +1.1% | -2.1% |
| PALMOIL | 2018-06-26 | [EU puts off export ban on Indonesia's crude palm oil - World - Chinadaily.com.cn](https://feedsoft.ai/events/64541-eu-puts-off-export-ban-on-indonesia-s-crude-palm-oil-world-chinadaily-com-cn.md) | -1.0% | -6.4% |
| 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 | 2026-09-20 | [Indonesia's B50 Countdown Meets Malaysia's Firm Export Duty \| Palm Oil Economics](https://feedsoft.ai/events/15442-indonesia-s-b50-countdown-meets-malaysia-s-firm-export-duty-palm-oil-economics.md) | -1.2% | -4.9% |
| PALMOIL | 2025-06-02 | [Indonesia's B50 push could lift global palm oil prices: report](https://feedsoft.ai/events/24322-indonesia-s-b50-push-could-lift-global-palm-oil-prices-report.md) | +2.3% | +3.8% |
| 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 | 2026-09-20 | [Indonesia's B50 Countdown Meets Malaysia's Firm Export Duty \| Palm Oil Economics](https://feedsoft.ai/events/15442-indonesia-s-b50-countdown-meets-malaysia-s-firm-export-duty-palm-oil-economics.md) | -2.3% | -0.6% |
| SBO | 2022-04-28 | [Soy oil soars to record as Indonesia expands palm export ban](https://feedsoft.ai/events/41929-soy-oil-soars-to-record-as-indonesia-expands-palm-export-ban.md) | -2.7% | -7.3% |

## Sources

- carnegieendowment.org: https://carnegieendowment.org/posts/2022/04/why-indonesias-palm-oil-export-ban-could-backfire

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