# Harga CPO Belum Bangkit, Jurus Luhut Ditunggu Raja Sawit

> Crude palm oil closed at MYR 4,708 a tonne on Friday, down 4.1% and the lowest since June 24, while staying below the MYR 5,000 level. Prices fell after Indonesia introduced an accelerated export program, known as flush out, which pushed prices down 14.5% in the prior week. Industry attention is on possible further government measures.

- Date: 2022-07-03 · published 2022-07-03T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/6222-harga-cpo-belum-bangkit-jurus-luhut-ditunggu-raja-sawit
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The flush-out program accelerates Indonesian exports and clears domestic stocks, adding supply to global palm markets and pressuring prices. Further policy changes could either reinforce or reverse this pressure.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-06-30 | 1 | -15.2% | -9.2 | Explains that CPO fell after Indonesia's accelerated export (flush out) program, which pushed supply into the market and drove a sharp weekly drop to the lowest since June 24. |
| PALMOIL | 2022-07-05 | 5 | -26.0% | -9.8 | Prices fell 4.1% on July 1 after Indonesia's accelerated export (flush out) program added to export supply. |
| PALMOIL | 2022-07-04 | 1 | -10.5% | -3.9 | Describes Indonesia's accelerated export (flush out) program pushing prices down and the prior Friday's 4% drop, setting up the supply-glut momentum into the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-06-27 | [Harga CPO Melemah](https://feedsoft.ai/events/64408-harga-cpo-melemah.md) | -1.7% | -6.2% |
| PALMOIL | 2023-09-19 | [Harga CPO Bervariasi Gara-gara Beragam Sentimen](https://feedsoft.ai/events/15704-harga-cpo-bervariasi-gara-gara-beragam-sentimen.md) | -0.4% | -3.1% |
| PALMOIL | 2025-01-01 | [Penurunan harga CPO karena permintaan dan produksi tidak seimbang - ANTARA News](https://feedsoft.ai/events/5047-penurunan-harga-cpo-karena-permintaan-dan-produksi-tidak-seimbang-antara-news.md) | -10.6% | -10.3% |
| PALMOIL | 2018-06-20 | [Danang : UE Longgarkan Aturan Hapus Biodiesel Sawit, Bagi RI itu Tetap Upaya Diskriminatif! - Gabungan Pengusaha Kelapa Sawit Indonesia (GAPKI)](https://feedsoft.ai/events/64409-danang-ue-longgarkan-aturan-hapus-biodiesel-sawit-bagi-ri-itu-tetap-upaya.md) | +0.0% | -5.3% |
| PALMOIL | 2024-10-22 | [Higher CPO export tax to encourage local downstream refining, says Johari Ghani](https://feedsoft.ai/events/15612-higher-cpo-export-tax-to-encourage-local-downstream-refining-says-johari-ghani.md) | +1.2% | +11.5% |

## Sources

- cnbcindonesia.com: https://www.cnbcindonesia.com/market/20220703071726-17-352470/harga-cpo-belum-bangkit-jurus-luhut-ditunggu-raja-sawit

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