# First Resources' crude palm oil production up 38.4% in Q4 | Singapore Business Review

> First Resources reported 4Q16 crude palm oil production up 12.7% quarter on quarter and 19.0% year on year on better oil extraction rates, though full-year 2016 CPO output fell 7.6%. UOB Kay Hian said Indonesian Dumai/Belawan CPO prices rose 3.8% quarter on quarter and 38.4% year on year.

- Date: 2017-02-07 · published 2017-02-07T12:00:00.000Z
- Category: report · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/72568-first-resources-crude-palm-oil-production-up-38-4-in-q4-singapore-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tight palm oil supply and steady export demand lifted prices, and UOB expects CPO to hover at US$650-750/tonne in 1H17 before easing when output recovers in 2H17.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-12-19 | [Indonesia state research firm sees 2016 palm oil production down 2.3 percent](https://feedsoft.ai/events/73378-indonesia-state-research-firm-sees-2016-palm-oil-production-down-2-3-percent.md) | -1.2% | -0.3% |
| PALMOIL | 2017-10-19 | [Mistry cuts palm oil production forecast, sees prices climbing](https://feedsoft.ai/events/68562-mistry-cuts-palm-oil-production-forecast-sees-prices-climbing.md) | +0.6% | +1.4% |
| PALMOIL | 2020-08-13 | [First-half contraction in palm oil output, exports due to 'domino effect': GAPKI - Business - The Jakarta Post](https://feedsoft.ai/events/51737-first-half-contraction-in-palm-oil-output-exports-due-to-domino-effect-gapki.md) | +1.8% | +5.6% |
| PALMOIL | 2017-02-24 | [Golden Agri-Resource’s integrated business model delivers strong 2016 results amidst softer palm product output - Golden Agri-Resources](https://feedsoft.ai/events/72569-golden-agri-resource-s-integrated-business-model-delivers-strong-2016-results.md) | -2.8% | -4.5% |
| PALMOIL | 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) | +1.4% | -0.3% |

## Sources

- sbr.com.sg: https://sbr.com.sg/agribusiness/news/first-resources-crude-palm-oil-production-384-in-q4

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