# VEGOILS Palm scales record high on reduced Indonesia supply outlook

> Malaysian palm oil futures briefly touched a record 5,700 ringgit per tonne on Monday before profit-taking. Traders were pricing in reduced supply from Indonesia, the top producer and exporter, after a rule change.

- Date: 2022-01-31 · published 2022-01-31T12:00:00.000Z
- Category: policy · region Indonesia · magnitude high
- Page: https://feedsoft.ai/events/8086-vegoils-palm-scales-record-high-on-reduced-indonesia-supply-outlook
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Indonesia's export restrictions cut expected palm supply to the world market, lifting prices and making palm the costliest major edible oil. Buyers face higher costs and possible substitution to soy and sunflower oil.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-02-01 | 1 | +6.4% | 4.0 | Record-high palm futures on 31 Jan on reduced Indonesian supply expectations sit immediately before the 1 Feb move and show the same supply-driven momentum. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-08-27 | [Palm oil extends gains on Indonesia supply outlook, biodiesel plan - Markets - Business Recorder](https://feedsoft.ai/events/28871-palm-oil-extends-gains-on-indonesia-supply-outlook-biodiesel-plan-markets.md) | +4.2% | +6.5% |
| PALMOIL | 2022-04-22 | [Soyoil surges to record high as Indonesia bans palm oil exports](https://feedsoft.ai/events/14040-soyoil-surges-to-record-high-as-indonesia-bans-palm-oil-exports.md) | +1.1% | -2.1% |
| PALMOIL | 2025-07-25 | [Indonesia’s B50 Biodiesel Tightens Palm Oil Supply](https://feedsoft.ai/events/15546-indonesia-s-b50-biodiesel-tightens-palm-oil-supply.md) | -0.5% | +4.7% |
| PALMOIL | 2023-01-13 | [Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies](https://feedsoft.ai/events/15761-indonesia-palm-oil-export-curbs-biodiesel-plans-to-hit-world-vegoil-supplies.md) | +0.1% | -0.0% |
| PALMOIL | 2022-04-28 | [Soy oil soars to record as Indonesia expands palm export ban](https://feedsoft.ai/events/41929-soy-oil-soars-to-record-as-indonesia-expands-palm-export-ban.md) | +8.6% | -1.2% |
| SBO | 2024-08-27 | [Palm oil extends gains on Indonesia supply outlook, biodiesel plan - Markets - Business Recorder](https://feedsoft.ai/events/28871-palm-oil-extends-gains-on-indonesia-supply-outlook-biodiesel-plan-markets.md) | +2.0% | +1.6% |
| SBO | 2022-04-22 | [Soyoil surges to record high as Indonesia bans palm oil exports](https://feedsoft.ai/events/14040-soyoil-surges-to-record-high-as-indonesia-bans-palm-oil-exports.md) | +3.2% | -4.4% |
| SBO | 2023-01-13 | [Indonesia palm oil export curbs, biodiesel plans to hit world vegoil supplies](https://feedsoft.ai/events/15761-indonesia-palm-oil-export-curbs-biodiesel-plans-to-hit-world-vegoil-supplies.md) | -1.6% | -9.4% |

## Sources

- reuters.com: https://www.reuters.com/markets/us/vegoils-palm-oil-scales-fresh-record-highs-reduced-indonesia-supply-outlook-2022-01-31/

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