# The end of the New Year holidays in China activated the market of vegetable oils

> Palm oil futures in Malaysia rose to a three-week high on flooding in southern states that could cut output and expectations of higher Indonesian consumption as Jakarta plans to curb domestic oil sales. Chicago soybean oil gained 1.1% on dry-weather forecasts for Argentina, while Brent fell 2.9% to $84.9/bbl on rate-hike expectations.

- Date: 2023-01-31 · published 2023-01-31T12:00:00.000Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/37869-the-end-of-the-new-year-holidays-in-china-activated-the-market-of-vegetable-oils
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Supply risk from Malaysian flooding and Indonesian policy supports palm and soy oil prices, while weaker crude and rate expectations cap gains.

## Read by commodity

- SBO: bullish ▲
- BRENT: bearish ▼
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-02-17 | [Why is the price of vegetable oil surging? - Marketplace](https://feedsoft.ai/events/8759-why-is-the-price-of-vegetable-oil-surging-marketplace.md) | +4.5% | +13.8% |
| PALMOIL | 2021-12-31 | [Oilseeds at the turn of the year 2021-22 market report](https://feedsoft.ai/events/43685-oilseeds-at-the-turn-of-the-year-2021-22-market-report.md) | +5.5% | +12.2% |
| PALMOIL | 2021-01-04 | [La Nina to take hold of agri markets in 2021  - The HinduBusinessLine](https://feedsoft.ai/events/5000-la-nina-to-take-hold-of-agri-markets-in-2021-the-hindubusinessline.md) | +10.0% | -0.2% |
| PALMOIL | 2025-06-04 | [Global Vegetable Oil Markets Face Tariff, Weather Turbulence](https://feedsoft.ai/events/10951-global-vegetable-oil-markets-face-tariff-weather-turbulence.md) | -1.0% | +4.1% |
| PALMOIL | 2018-10-10 | [El Niño set to return before end of the year: Kemp](https://feedsoft.ai/events/62471-el-nino-set-to-return-before-end-of-the-year-kemp.md) | +0.8% | -3.9% |
| SBO | 2022-02-17 | [Why is the price of vegetable oil surging? - Marketplace](https://feedsoft.ai/events/8759-why-is-the-price-of-vegetable-oil-surging-marketplace.md) | +6.8% | +4.4% |
| SBO | 2021-12-31 | [Oilseeds at the turn of the year 2021-22 market report](https://feedsoft.ai/events/43685-oilseeds-at-the-turn-of-the-year-2021-22-market-report.md) | +3.0% | +5.7% |
| SBO | 2023-01-06 | [Canola Market Starts the New Year Strong \| Northern Canola Growers Association](https://feedsoft.ai/events/37880-canola-market-starts-the-new-year-strong-northern-canola-growers-association.md) | +1.5% | -4.4% |

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/the-end-of-the-new-year-holidays-in-china-activated-the-market-of-vegetable-oils/

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