# Oleochemical producers buy more palm oil

> Indonesian sales of palm oil to oleochemical producers rose 14.5% in March, while domestic food consumption fell 8.3%. Palm oil exports rose 3.3% to 2.72 million tonnes, with large gains to Bangladesh, South Africa and China.

- Date: 2020-06-02 · published 2020-06-02T12:00:00.000Z
- Category: trade · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/6048-oleochemical-producers-buy-more-palm-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger industrial and export demand absorbs palm supply that would otherwise go to domestic food use, which is mildly supportive for palm oil prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-12-09 | [Malaysia's palm oil producers adjust to labour shortages, higher recruitment costs \| Reuters](https://feedsoft.ai/events/15856-malaysia-s-palm-oil-producers-adjust-to-labour-shortages-higher-recruitment.md) | -5.0% | +4.1% |
| PALMOIL | 2023-04-19 | [Palm oil's rare premium leads to 'wash out' in India -dealers](https://feedsoft.ai/events/36508-palm-oil-s-rare-premium-leads-to-wash-out-in-india-dealers.md) | -1.0% | -8.4% |
| 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% |
| 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 | 2021-01-29 | [Malaysian palm oil jumps 3pc - Markets - Business Recorder](https://feedsoft.ai/events/49233-malaysian-palm-oil-jumps-3pc-markets-business-recorder.md) | -8.0% | +0.5% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/oleochemical-producers-buy-more-palm-oil

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