# Indonesia state research firm sees 2016 palm oil production down 2.3 percent

> The Indonesian Oil Palm Research Institute forecast 2016 palm oil production at 34.71 million tonnes, down 2.26% from 35.51 million tonnes in 2015. The decline is attributed to dry conditions linked to the El Nino weather pattern.

- Date: 2016-12-19 · published 2016-12-19T12:00:00.000Z
- Category: report · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/73378-indonesia-state-research-firm-sees-2016-palm-oil-production-down-2-3-percent
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A smaller 2016 crop from the world's largest palm oil producer tightens global vegetable oil supply. This supports palm oil prices and the broader oilseed complex.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-02 | [Palm Oil Production Indonesia Fell 3% in 2016, Exports Down 5% \| Indonesia Investments](https://feedsoft.ai/events/12326-palm-oil-production-indonesia-fell-3-in-2016-exports-down-5-indonesia.md) | +2.1% | -5.8% |
| PALMOIL | 2024-01-16 | [Indonesia’s 2024 palm oil exports seen down 4% on year – statement](https://feedsoft.ai/events/15677-indonesia-s-2024-palm-oil-exports-seen-down-4-on-year-statement.md) | -0.2% | -1.4% |
| PALMOIL | 2022-12-07 | [Indonesia's palm oil exports to hit record high, despite production shortfall - Grain Price News](https://feedsoft.ai/events/15771-indonesia-s-palm-oil-exports-to-hit-record-high-despite-production-shortfall.md) | -4.9% | -0.3% |
| PALMOIL | 2024-02-07 | [W5 Palm Oil Update: Indonesia Forecasts 9.08% YoY Surge in Palm Oil Consumption in 2024, India to Bolster Domestic Oilseed Production](https://feedsoft.ai/events/15669-w5-palm-oil-update-indonesia-forecasts-9-08-yoy-surge-in-palm-oil-consumption.md) | +1.2% | +6.2% |
| PALMOIL | 2017-02-07 | [First Resources' crude palm oil production up 38.4% in Q4 \| Singapore Business Review](https://feedsoft.ai/events/72568-first-resources-crude-palm-oil-production-up-38-4-in-q4-singapore-business.md) | -1.0% | -7.3% |

## Sources

- reuters.com: https://www.reuters.com/article/markets/currencies/indonesia-state-research-firm-sees-2016-palm-oil-production-down-23-percent-idUSKBN14805G/

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