# Cuan! Harga Minyak Sawit Naik 2% Lebih Minggu Ini

> Crude palm oil prices rose 2.47% over the week, with a near 3% gain over the past month. The Council of Palm Oil Producing Countries expects Indonesian and Malaysian output to fall sharply this year, partly due to COVID-19 labour shortages in Malaysian plantations and La Nina rains.

- Date: 2020-08-30 · published 2020-08-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51734-cuan-harga-minyak-sawit-naik-2-lebih-minggu-ini
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected output declines tighten palm oil supply and support prices, which can lift the cost of vegetable oil and palm-based feed ingredients.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20200830095227-17-183052/cuan-harga-minyak-sawit-naik-2-lebih-minggu-ini

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