
Malaysia's palm oil exports to China fell in 2024 because soybean oil was priced lower than palm oil and Chinese cooking oil consumption declined. Deputy Minister Chan said Malaysia expects its China exports to remain resilient despite price pressure.
Weaker Chinese demand for palm relative to soyoil is a bearish factor for palm, though officials expect the export flow to hold up.
After 158 past bearish trade events, Palm Oil moved a median +0.0% over 5 sessions (51% higher; middle half -1.3% to +0.8%), and -1.4% over 20.
After 224 past bullish trade events, Soybean Oil moved a median +0.4% over 5 sessions (54% higher; middle half -1.5% to +2.1%), and -0.5% over 20.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.