# High Reserves Sets Palm Oil For Worst Quarter In 14 Years

> Palm oil futures in Malaysia dropped 31% in the July-September quarter, their biggest quarterly fall since 2008. Rising inventories in top growers and recession worries outweighed strong September exports.

- Date: 2022-09-30 · published 2022-09-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/39675-high-reserves-sets-palm-oil-for-worst-quarter-in-14-years
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The steep quarterly decline reflects oversupply and weaker edible oil demand, which lowers vegetable oil costs for feed and food buyers.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-10-02 | 1 | -8.9% | -5.9 | Rising inventories in top growers and recession worries explain the 31% quarterly drop, which is the supply-glut backdrop for the sharp decline. |

## Sources

- businesstoday.com.my: https://www.businesstoday.com.my/2022/09/30/high-reserves-sets-palm-oil-for-worst-quarter-in-14-years/

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