# Palm Oil News - CPO Demand Would Increase heading to Chinese Religious day

> Malaysian crude palm oil prices were set to firm on Thursday as Chinese demand rose ahead of Lunar New Year and other vegetable oil prices increased. Malaysian CPO exports rose 6-9% in December 2017, and further export growth was expected in January 2018. China is described as the second-largest CPO importer after India.

- Date: 2018-01-06 · published 2018-01-06T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/10985-palm-oil-news-cpo-demand-would-increase-heading-to-chinese-religious-day
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Chinese restocking ahead of the holiday adds demand for palm oil at a time of rising exports, supporting palm oil prices. Higher vegetable oil prices also tend to lift substitutes.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-01-08 | 5 | +6.7% | 3.3 | Rising December exports and expected Chinese pre-Lunar New Year buying, plus firmer other vegetable oils, supported demand and prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-17 | [Palm Oil News - CPO Exports to China and Bangladesh Increased](https://feedsoft.ai/events/67571-palm-oil-news-cpo-exports-to-china-and-bangladesh-increased.md) | -0.9% | +3.6% |
| PALMOIL | 2026-03-01 | [Indian demand for palm oil to rebound as prices at discount to Chinese soyoil, analysts say](https://feedsoft.ai/events/20692-indian-demand-for-palm-oil-to-rebound-as-prices-at-discount-to-chinese-soyoil.md) | +5.0% | +8.4% |
| PALMOIL | 2019-12-24 | [Palm Oil News - CPO Export Volume by October 2019 Decreased 6% when It was Increase US$ 140/ton](https://feedsoft.ai/events/55661-palm-oil-news-cpo-export-volume-by-october-2019-decreased-6-when-it-was.md) | +1.2% | +6.1% |
| PALMOIL | 2021-07-06 | [Palm oil rises to near 4-week peak on strong Indian demand - Markets - Business Recorder](https://feedsoft.ai/events/46161-palm-oil-rises-to-near-4-week-peak-on-strong-indian-demand-markets-business.md) | +1.4% | +6.4% |
| PALMOIL | 2019-10-29 | [As India, EU may increase duties, Indonesia eyes China for palm oil export](https://feedsoft.ai/events/56447-as-india-eu-may-increase-duties-indonesia-eyes-china-for-palm-oil-export.md) | +13.0% | +17.4% |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/6516/cpo-demand-would-increase-heading-to-chinese-religious-day

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