# RI-Malaysia Strengthens Bilateral Ties On Palm Oil - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> Indonesia and Malaysia's economic and plantation ministers met in Jakarta on October 24, 2021 to strengthen bilateral cooperation on palm oil. They reiterated the need to sustain good CPO prices through higher domestic consumption and biodiesel mandates (B30 in Indonesia, B20 in Malaysia).

- Date: 2021-10-29 · published 2021-10-29T12:00:00.000Z
- Category: policy · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/44420-ri-malaysia-strengthens-bilateral-ties-on-palm-oil-gabungan-pengusaha-kelapa
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Producer coordination aimed at supporting prices and boosting domestic biodiesel use would tighten exportable palm supply. The statement is supportive for palm oil prices but is largely a policy intention rather than a concrete supply change.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-08-11 | [RI, Malaysia Agree To Keep Advocating Palm Oil Sustainability - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15799-ri-malaysia-agree-to-keep-advocating-palm-oil-sustainability-gabungan-pengusaha.md) | +1.5% | -11.2% |
| PALMOIL | 2023-12-20 | [GAPKI: Biodiesel Incentive Stabilizes Palm Oil Prices - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15684-gapki-biodiesel-incentive-stabilizes-palm-oil-prices-gabungan-pengusaha-kelapa.md) | +0.4% | +2.1% |
| PALMOIL | 2021-06-24 | [Palm Oil Export Durty Reviewed - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/46457-palm-oil-export-durty-reviewed-gabungan-pengusaha-kelapa-sawit-indonesia-gapki.md) | +0.5% | +8.4% |
| PALMOIL | 2024-08-20 | [RI To Intensify Downstreaming Of Palm Oil Industries Next Year - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/15623-ri-to-intensify-downstreaming-of-palm-oil-industries-next-year-gabungan.md) | +1.8% | +4.8% |
| PALMOIL | 2020-11-05 | [Palm Oil Industry Helps Realize Energy Mix Target - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/50046-palm-oil-industry-helps-realize-energy-mix-target-gabungan-pengusaha-kelapa.md) | +7.5% | +10.7% |

## Sources

- gapki.id: https://gapki.id/en/news/2021/10/29/ri-malaysia-strengthens-bilateral-ties-on-palm-oil/

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