# Plantation Ministry: No plan to regulate price of Malaysian palm oil as govt-controlled product  | Malay Mail

> Malaysia's Ministry of Plantation and Commodities said it does not plan to regulate palm oil prices as a government-controlled product. The ministry attributed price moves to supply, export demand, soybean oil and Brent crude, and mentioned a planned East Malaysia palm oil futures contract.

- Date: 2023-03-30 · published 2023-03-30T12:00:00.000Z
- Category: policy · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/36958-plantation-ministry-no-plan-to-regulate-price-of-malaysian-palm-oil-as-govt
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

No price controls means palm oil keeps tracking market fundamentals and crude and soyoil moves. The statement itself does not shift supply, so its price impact is minimal.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-07-10 | [New Malaysian plantations minister challenged to find new markets for palm oil  : The Daily Digest](https://feedsoft.ai/events/63908-new-malaysian-plantations-minister-challenged-to-find-new-markets-for-palm-oil.md) | -3.0% | -4.0% |
| PALMOIL | 2020-03-09 | [Palm oil players to keep an eye on new ministry’s policy - Focus Malaysia](https://feedsoft.ai/events/54017-palm-oil-players-to-keep-an-eye-on-new-ministry-s-policy-focus-malaysia.md) | -6.5% | -12.1% |
| PALMOIL | 2024-09-27 | [Malaysia to support palm oil producers' compliance with EU deforestation law \| Reuters](https://feedsoft.ai/events/28329-malaysia-to-support-palm-oil-producers-compliance-with-eu-deforestation-law.md) | +6.8% | +9.7% |
| PALMOIL | 2018-09-09 | [Palm Oil News - CEC Suggested to Improve the Palm oil Plantation Governance](https://feedsoft.ai/events/62899-palm-oil-news-cec-suggested-to-improve-the-palm-oil-plantation-governance.md) | -1.2% | -2.4% |
| PALMOIL | 2019-07-30 | [Malaysia to replace Indonesia as top palm oil supplier to India \| FMT](https://feedsoft.ai/events/6471-malaysia-to-replace-indonesia-as-top-palm-oil-supplier-to-india-fmt.md) | +4.2% | +8.6% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2023/03/30/plantation-ministry-no-plan-to-regulate-price-of-malaysian-palm-oil-as-govt-controlled-product/62281

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