# Production Drops After Public Curb, CPO Sees Highest Price - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)

> Crude palm oil prices have risen to record highs, driven by reduced output in Indonesia and Malaysia from pandemic-related public activity restrictions. Global demand remains strong, and Indonesia's B30 biodiesel needs are tightening supply.

- Date: 2021-08-24 · published 2021-08-24T12:00:00.000Z
- Category: disease · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/45656-production-drops-after-public-curb-cpo-sees-highest-price-gabungan-pengusaha
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower production from Indonesia and Malaysia combined with steady biodiesel-driven demand supports palm oil prices and tightens the global edible oil and oilseed meal complex.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-03-18 | [Coronavirus prompts palm plantation closures, world vegoil supply concerns \| Malaysiakini](https://feedsoft.ai/events/54232-coronavirus-prompts-palm-plantation-closures-world-vegoil-supply-concerns.md) | +0.3% | -3.3% |
| PALMOIL | 2020-02-03 | [Canola oil demand rising as African swine fever reduces China's soybean crush - RealAgriculture](https://feedsoft.ai/events/54566-canola-oil-demand-rising-as-african-swine-fever-reduces-china-s-soybean-crush.md) | -5.6% | -23.1% |
| PALMOIL | 2019-11-29 | [China soy, palm oil markets surge on swine fever spillover – China Economic Review](https://feedsoft.ai/events/56158-china-soy-palm-oil-markets-surge-on-swine-fever-spillover-china-economic-review.md) | +6.9% | +10.9% |
| PALMOIL | 2019-11-05 | [China's Cooking Oil Market Boils Amid Pork Shortage, Low Soy Stocks \| ESM Magazine](https://feedsoft.ai/events/56155-china-s-cooking-oil-market-boils-amid-pork-shortage-low-soy-stocks-esm-magazine.md) | +3.2% | +8.2% |

## Sources

- gapki.id: https://gapki.id/en/news/2021/08/24/production-drops-after-public-curb-cpo-sees-highest-price/

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