# Palm oil’s revival has further to go as output slows | The Star

> Palm oil futures have rallied into a bull market, about 30% above the July four-year low. A Bloomberg survey of 11 traders and analysts expects benchmark futures to average RM2,350 a tonne this quarter and RM2,400 in early 2020. Respondents cite Indonesian biodiesel demand, slowing output growth and higher Chinese imports as the drivers.

- Date: 2019-11-04 · published 2019-11-04T12:00:00.000Z
- Category: trade · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/5451-palm-oil-s-revival-has-further-to-go-as-output-slows-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Slowing production and firmer Indonesian biodiesel and Chinese import demand tighten vegetable oil supply, supporting palm and soybean oil prices. Palm's premium over gasoil, however, reduces its appeal as a biofuel feedstock and limits further upside.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-11-06 | 5 | +14.0% | 5.9 | Survey of traders expects continued price gains on Indonesian biodiesel demand, slowing output growth and higher Chinese imports. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-02-24 | [Indonesia asks India to cut palm oil tariffs \| The Star](https://feedsoft.ai/events/60458-indonesia-asks-india-to-cut-palm-oil-tariffs-the-star.md) | -3.4% | -5.6% |
| PALMOIL | 2025-07-28 | [MPOB expects palm oil exports to recover in second half of 2025 \| The Star](https://feedsoft.ai/events/23855-mpob-expects-palm-oil-exports-to-recover-in-second-half-of-2025-the-star.md) | +0.3% | +5.4% |
| PALMOIL | 2019-10-23 | [Palm oil jumps to 16-month high as China’s waivers boost soy \| The Star](https://feedsoft.ai/events/56666-palm-oil-jumps-to-16-month-high-as-china-s-waivers-boost-soy-the-star.md) | +0.9% | +16.8% |
| PALMOIL | 2019-01-01 | [Malaysian palm oil futures open higher after India import tax cut \| The Star](https://feedsoft.ai/events/5586-malaysian-palm-oil-futures-open-higher-after-india-import-tax-cut-the-star.md) | +6.1% | +8.1% |
| PALMOIL | 2025-05-01 | [India starts raising palm oil buying as prices fall below soyoil](https://feedsoft.ai/events/25224-india-starts-raising-palm-oil-buying-as-prices-fall-below-soyoil.md) | -5.0% | -3.1% |
| SBO | 2019-10-23 | [Palm oil jumps to 16-month high as China’s waivers boost soy \| The Star](https://feedsoft.ai/events/56666-palm-oil-jumps-to-16-month-high-as-china-s-waivers-boost-soy-the-star.md) | +0.5% | +0.4% |
| SBO | 2025-02-26 | [Palm oil imports to hit 5-year low amid price shifts, rising output \| Industry News - Business Standard](https://feedsoft.ai/events/26147-palm-oil-imports-to-hit-5-year-low-amid-price-shifts-rising-output-industry.md) | -5.7% | -5.1% |
| SBO | 2018-11-02 | [Palm oil analysts see price rise as China demand shifts; output growth eases](https://feedsoft.ai/events/6989-palm-oil-analysts-see-price-rise-as-china-demand-shifts-output-growth-eases.md) | -1.1% | -1.8% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/11/05/palm-oils-revival-has-further-to-go-as-output-slows

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