# Palm oil production to rise in Indonesia - Oxford Business Group

> Indonesia's palm oil output is forecast to rise in 2017 to 33-35m tonnes after a weak 2016 harvest, helped by better weather and expanded acreage. Officials warn that higher output could push prices down and have called for more domestic consumption.

- Date: 2017-05-21 · published 2017-05-21T12:00:00.000Z
- Category: weather · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/71097-palm-oil-production-to-rise-in-indonesia-oxford-business-group
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher Indonesian supply from the second half of 2017 is bearish for palm oil prices and may weigh on related vegetable oil markets.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-06-03 | [Palm oil production to rise in Indonesia \| Borneo Post Online](https://feedsoft.ai/events/70368-palm-oil-production-to-rise-in-indonesia-borneo-post-online.md) | -1.0% | -1.1% |
| PALMOIL | 2017-03-09 | [Palm Oil Prices to Drop as Production Rebounds, Demand Slows](https://feedsoft.ai/events/72110-palm-oil-prices-to-drop-as-production-rebounds-demand-slows.md) | -1.8% | -5.3% |
| PALMOIL | 2017-10-04 | [Palm oil production to revive following departure of El Niño](https://feedsoft.ai/events/5643-palm-oil-production-to-revive-following-departure-of-el-nino.md) | +0.9% | +2.8% |
| PALMOIL | 2024-06-12 | [CPO production projected to increase – MPOC](https://feedsoft.ai/events/15640-cpo-production-projected-to-increase-mpoc.md) | -0.3% | +0.8% |
| PALMOIL | 2019-03-04 | [Good weather expected to bolster Malaysia, Indonesia palm output \| Malaysiakini](https://feedsoft.ai/events/60204-good-weather-expected-to-bolster-malaysia-indonesia-palm-output-malaysiakini.md) | -3.0% | -2.8% |
| SBO | 2017-03-09 | [Palm Oil Prices to Drop as Production Rebounds, Demand Slows](https://feedsoft.ai/events/72110-palm-oil-prices-to-drop-as-production-rebounds-demand-slows.md) | -3.2% | -4.4% |
| SBO | 2018-12-21 | [Sunflower oil production 2018/19 in Ukraine up 12% — Latifundist.com](https://feedsoft.ai/events/61680-sunflower-oil-production-2018-19-in-ukraine-up-12-latifundist-com.md) | -2.4% | +3.0% |
| SBO | 2017-03-07 | [Global palm oil output seen rising 11pc in 2017 \| Malay Mail](https://feedsoft.ai/events/72112-global-palm-oil-output-seen-rising-11pc-in-2017-malay-mail.md) | -6.3% | -7.6% |

## Sources

- oxfordbusinessgroup.com: https://oxfordbusinessgroup.com/articles-interviews/palm-oil-production-to-rise-in-indonesia

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