# Palm oil exports increase by just 2 percent: GAPKI

> Indonesian palm oil product exports rose just 2% month on month to 2.6 million tons in May, with declines to Pakistan, the Middle East, China and Europe. Pakistan shifted demand to Malaysia, which imposed a zero export tax on crude palm oil derivatives from May.

- Date: 2017-07-20 · published 2017-07-20T12:00:00.000Z
- Category: trade · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/69835-palm-oil-exports-increase-by-just-2-percent-gapki
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Flat export growth and low stocks of 621,000 tons support palm oil prices, while Malaysia's tax advantage redirects trade flows between the two top producers.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-01-02 | [Palm oil jumps over 2 percent to as India cuts import tax](https://feedsoft.ai/events/5584-palm-oil-jumps-over-2-percent-to-as-india-cuts-import-tax.md) | +6.1% | +8.1% |
| PALMOIL | 2017-12-17 | [Palm Oil News - CPO Exports to China and Bangladesh Increased](https://feedsoft.ai/events/67571-palm-oil-news-cpo-exports-to-china-and-bangladesh-increased.md) | -0.9% | +3.6% |
| PALMOIL | 2019-10-29 | [As India, EU may increase duties, Indonesia eyes China for palm oil export](https://feedsoft.ai/events/56447-as-india-eu-may-increase-duties-indonesia-eyes-china-for-palm-oil-export.md) | +13.0% | +17.4% |
| PALMOIL | 2019-12-24 | [Palm Oil News - CPO Export Volume by October 2019 Decreased 6% when It was Increase US$ 140/ton](https://feedsoft.ai/events/55661-palm-oil-news-cpo-export-volume-by-october-2019-decreased-6-when-it-was.md) | +1.2% | +6.1% |
| PALMOIL | 2019-04-15 | [Palm oil-based biodiesel exports to China and EU surge in first…](https://feedsoft.ai/events/59478-palm-oil-based-biodiesel-exports-to-china-and-eu-surge-in-first.md) | +0.1% | -9.1% |

## Sources

- english.kontan.co.id: https://english.kontan.co.id/news/palm-oil-exports-increase-by-just-2-percent-gapki

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