# RHB Indonesia - Sector Update: Plantation - Cautious Mode On
        | 
        RHB TradeSmart ID Blog

> RHB Research keeps its underweight call on Indonesian plantations and expects weak crude palm oil prices through the next quarter. It forecasts vegetable oil surpluses of about 7 million tonnes in 2017 from rising rapeseed, US soybean and South American soybean output, and cites a proposed US Renewable Fuel Standard cut that would lower soybean oil use for biodiesel.

- Date: 2017-07-11 · published 2017-07-11T12:00:00.000Z
- Category: report · region Global · magnitude medium
- Page: https://feedsoft.ai/events/69839-rhb-indonesia-sector-update-plantation-cautious-mode-on-rhb-tradesmart-id-blog
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expanding global oilseed supply and a possible US biofuel cut weigh on vegetable oil prices, including palm oil and soybean oil, through the second half of the year.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-11-05 | [RHB: Underweight On Plantation Stocks](https://feedsoft.ai/events/9234-rhb-underweight-on-plantation-stocks.md) | -3.8% | -10.4% |
| PALMOIL | 2018-12-17 | [Indonesia November trade deficit reaches widest since July 2013](https://feedsoft.ai/events/61862-indonesia-november-trade-deficit-reaches-widest-since-july-2013.md) | +2.2% | +7.1% |
| PALMOIL | 2021-05-12 | [USDA sees uptick in Indonesia's palm oil exports in 2021-22](https://feedsoft.ai/events/47189-usda-sees-uptick-in-indonesia-s-palm-oil-exports-in-2021-22.md) | +4.2% | -6.8% |
| PALMOIL | 2021-02-18 | [Malaysia's Sime Darby Plantation eyes palm oil output recovery, high prices - The Business Times](https://feedsoft.ai/events/48726-malaysia-s-sime-darby-plantation-eyes-palm-oil-output-recovery-high-prices-the.md) | -0.4% | +8.5% |
| PALMOIL | 2017-08-03 | [Indonesia's palm oil exports to hit record in 2017-2018 \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/69562-indonesia-s-palm-oil-exports-to-hit-record-in-2017-2018-agrifish-post-online.md) | -0.6% | +1.3% |
| SBO | 2025-06-23 | [Global sunflower production set to rise 8% in 2025-26, Russia maintains top producer status](https://feedsoft.ai/events/24343-global-sunflower-production-set-to-rise-8-in-2025-26-russia-maintains-top.md) | -3.1% | +0.9% |
| SBO | 2021-10-12 | [USDA Forced to Rebalance October WASDE After September Grain Stocks Report \| Farm Bureau Intel Markets \| American Farm Bureau Federation](https://feedsoft.ai/events/44487-usda-forced-to-rebalance-october-wasde-after-september-grain-stocks-report-farm.md) | +2.9% | -1.9% |
| SBO | 2025-02-13 | [BERNAMA - CPOPC Forecasts Modest 2025 Growth In Palm Oil Production](https://feedsoft.ai/events/26151-bernama-cpopc-forecasts-modest-2025-growth-in-palm-oil-production.md) | +1.6% | -5.1% |

## Sources

- rhbtradesmartid.blogspot.com: https://rhbtradesmartid.blogspot.com/2017/07/rhb-indonesia-sector-update-plantation.html

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