# Vegetable oil market: Export tightening fails to lift CPO

> Malaysian crude palm oil futures fell 3.2% to 3,455 ringgit per tonne on April 27 after Indonesia announced a domestic obligation cut and a lower export ratio. The decline came despite the expected tightening of export supply.

- Date: 2023-04-28 · published 2023-04-28T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/36510-vegetable-oil-market-export-tightening-fails-to-lift-cpo
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Market reaction suggests traders expect weaker demand and falling crude oil to outweigh the Indonesian supply cut, limiting palm's upside. Lower crude reduces the biodiesel appeal of palm and other vegetable oils.

## Read by commodity

- WTI: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2023-04-30 | 1 | -11.4% | -13.4 | Futures fell 3.2% on April 27 after Indonesia's policy announcement, though the decline ran against the expected export tightening. |

## Sources

- pwc.com: https://www.pwc.com/id/en/pwc-publications/industries-publications/consumer-and-industrial-products-and-services/plantation-highlights/april-2023/vegetable-oil-market-export-tightening-fails-to-lift-cpo.html

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