# CPTPP expected to boost palm oil exports, says MPOB | FMT

> Malaysia's palm oil regulator MPOB said CPTPP ratification will reduce tariffs on palm oil into Canada, Mexico and Peru. It also reported that 2022 exports rose 1.3% January through November, and that crude palm oil prices are expected to fall to 3,800 ringgit next year.

- Date: 2022-12-30 · published 2022-12-30T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38336-cptpp-expected-to-boost-palm-oil-exports-says-mpob-fmt
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Tariff cuts in CPTPP markets could lift Malaysian palm export demand at the margin. The forecast for lower 2023 prices signals softer market expectations.

## Read by commodity

- PALMOIL: neutral

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-08-20 | [Malaysia set to outpace Indonesian palm oil exports to India - Business - The Jakarta Post](https://feedsoft.ai/events/57466-malaysia-set-to-outpace-indonesian-palm-oil-exports-to-india-business-the.md) | +1.6% | +4.4% |
| PALMOIL | 2018-05-31 | [Palm oil exports from Indonesia and Malaysia fell](https://feedsoft.ai/events/65117-palm-oil-exports-from-indonesia-and-malaysia-fell.md) | -1.1% | -4.5% |
| PALMOIL | 2021-11-13 | [Palm Oil News - Malaysia Runs Cheaper CPO Export Tariff](https://feedsoft.ai/events/15866-palm-oil-news-malaysia-runs-cheaper-cpo-export-tariff.md) | +2.4% | -4.6% |
| PALMOIL | 2017-08-07 | [Malaysia forecasts 3.6% rise in palm oil exports in 2017 – Customs Today Newspaper](https://feedsoft.ai/events/69320-malaysia-forecasts-3-6-rise-in-palm-oil-exports-in-2017-customs-today-newspaper.md) | +1.6% | +4.0% |
| PALMOIL | 2019-07-15 | [Malaysia to file WTO complaint on EU's palm oil curb by November](https://feedsoft.ai/events/57978-malaysia-to-file-wto-complaint-on-eu-s-palm-oil-curb-by-november.md) | +0.9% | +9.1% |

## Sources

- freemalaysiatoday.com: https://www.freemalaysiatoday.com/category/business/2022/12/30/cptpp-expected-to-boost-palm-oil-exports-says-mpob

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