# Price Stays High, Export Value 2021 Potential To Exceed US$35 Billion - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> GAPKI reports Indonesian palm oil production of 4.04 million tonnes in October 2021, lower than September. It estimates 2021 crude palm oil output at 47.47 million tonnes and export value above US$35 billion as prices stay high.

- Date: 2021-12-19 · published 2021-12-19T12:00:00.000Z
- Category: report · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/43695-price-stays-high-export-value-2021-potential-to-exceed-us-35-billion-gabungan
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Flat output and high prices through 2021 signal tight palm supply, which supports prices for palm-based feed fats and competing vegetable oils.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-08-19 | [Palm Oil Price And Export Improving - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/51474-palm-oil-price-and-export-improving-gabungan-pengusaha-kelapa-sawit-indonesia.md) | -0.7% | +7.2% |
| PALMOIL | 2026-03-14 | [Production Rises, Exports Reach IDR 590 Trillion - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15482-production-rises-exports-reach-idr-590-trillion-gabungan-pengusaha-kelapa-sawit.md) | +0.4% | +1.8% |
| PALMOIL | 2025-10-30 | [Consumption Rises, Exports Drop - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15527-consumption-rises-exports-drop-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | -6.6% | -6.1% |
| PALMOIL | 2024-01-16 | [Palm Oil Exports Predicted To Decrease This Year - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15675-palm-oil-exports-predicted-to-decrease-this-year-gabungan-pengusaha-kelapa.md) | -0.2% | -1.4% |
| PALMOIL | 2017-04-07 | [Produksi Menurun, Ekspor Tergerus - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/71388-produksi-menurun-ekspor-tergerus-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | -3.7% | -2.7% |

## Sources

- gapki.id: https://gapki.id/en/news/2021/12/19/price-stays-high-export-value-2021-potential-to-exceed-us35-billion/

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