# Palm oil market to miss out on traditionally high Ramadan demand…

> Palm oil is expected to miss its usual Ramadan demand surge because COVID-19 lockdowns are curbing purchases by major importers including India, Pakistan, Bangladesh, Saudi Arabia and Iran. Purchases had picked up in early March but slumped after lockdowns began. Malaysian palm oil exports in March fell 27% year on year to 1.2 million tonnes.

- Date: 2020-05-01 · published 2020-05-01T12:00:00.000Z
- Category: trade · region Global · magnitude medium
- Page: https://feedsoft.ai/events/11553-palm-oil-market-to-miss-out-on-traditionally-high-ramadan-demand
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The loss of the seasonal Ramadan restocking window removes a demand boost that normally supports prices, so prices may stay under pressure through the period.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-05-05 | 5 | -10.4% | -3.6 | Lockdowns are curbing the usual Ramadan buying by major importers, removing seasonal demand support. |
| PALMOIL | 2020-05-04 | 5 | -9.4% | -3.2 | Lockdowns are cutting importer purchases and the usual Ramadan demand surge is expected to be missed, a bearish demand signal published 2020-05-01 inside the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-05-18 | [Palm oil falls as traders weigh weakening demand](https://feedsoft.ai/events/47188-palm-oil-falls-as-traders-weigh-weakening-demand.md) | -2.5% | -12.8% |
| PALMOIL | 2020-04-21 | [Muted Ramadan, Hari Raya amid pandemic slam seasonal rise in palm oil demand \| Malaysiakini](https://feedsoft.ai/events/53741-muted-ramadan-hari-raya-amid-pandemic-slam-seasonal-rise-in-palm-oil-demand.md) | -2.8% | -7.7% |
| PALMOIL | 2018-05-03 | [Malaysian palm oil price slides to 16-month low on weak demand \| The Star](https://feedsoft.ai/events/6612-malaysian-palm-oil-price-slides-to-16-month-low-on-weak-demand-the-star.md) | +0.0% | +1.5% |
| PALMOIL | 2025-01-06 | [Palm slips on poor demand from India - Markets - Business Recorder](https://feedsoft.ai/events/6539-palm-slips-on-poor-demand-from-india-markets-business-recorder.md) | +0.3% | +0.2% |
| PALMOIL | 2017-05-24 | [Chinese demand for palm oil set to drop \| The Star](https://feedsoft.ai/events/71094-chinese-demand-for-palm-oil-set-to-drop-the-star.md) | -0.7% | -4.8% |

## Sources

- ofimagazine.com: https://www.ofimagazine.com/news/palm-oil-market-to-miss-out-on-traditionally-high-ramadan-demand-period

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