# First-half contraction in palm oil output, exports due to 'domino effect': GAPKI - Business - The Jakarta Post

> The Indonesian Palm Oil Association (GAPKI) reported that first-half 2020 crude palm oil and palm kernel output fell 9.2% year on year to 23.5 million tons. GAPKI attributed the decline mainly to the lingering effects of the 2018 price crash and 2019 drought rather than COVID-19.

- Date: 2020-08-13 · published 2020-08-13T12:00:00.000Z
- Category: report · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/51737-first-half-contraction-in-palm-oil-output-exports-due-to-domino-effect-gapki
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower output from the largest palm producer, driven by reduced planting and fertilizer use, keeps global vegetable oil supplies tight and supports prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-07 | [First Resources' crude palm oil production up 38.4% in Q4 \| Singapore Business Review](https://feedsoft.ai/events/72568-first-resources-crude-palm-oil-production-up-38-4-in-q4-singapore-business.md) | -1.0% | -7.3% |
| PALMOIL | 2023-02-05 | [Indonesia’s crude palm oil exports to drop further as more palm oil goes to biodiesel - Opinion](https://feedsoft.ai/events/15758-indonesia-s-crude-palm-oil-exports-to-drop-further-as-more-palm-oil-goes-to.md) | +0.8% | +5.9% |
| PALMOIL | 2017-02-02 | [Palm Oil Production Indonesia Fell 3% in 2016, Exports Down 5% \| Indonesia Investments](https://feedsoft.ai/events/12326-palm-oil-production-indonesia-fell-3-in-2016-exports-down-5-indonesia.md) | +2.1% | -5.8% |
| PALMOIL | 2022-12-07 | [Indonesia's palm oil exports to hit record high, despite production shortfall - Grain Price News](https://feedsoft.ai/events/15771-indonesia-s-palm-oil-exports-to-hit-record-high-despite-production-shortfall.md) | -4.9% | -0.3% |
| 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% |

## Sources

- thejakartapost.com: https://www.thejakartapost.com/news/2020/08/13/first-half-contraction-in-palm-oil-output-exports-due-to-domino-effect-gapki

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