# Palm flops to two-month closing low as Indonesia eases export rules - Markets - Business Recorder

> Malaysian palm oil futures fell more than 4% on June 10 to a two-month closing low. Indonesia eased export rules to flush out high palm oil inventories, allowing exporters outside its bulk cooking oil scheme to ship for an extra $200 per tonne charge. Weekly losses were also linked to COVID-19 restrictions in Shanghai.

- Date: 2022-06-10 · published 2022-06-10T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/41051-palm-flops-to-two-month-closing-low-as-indonesia-eases-export-rules-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Easing Indonesian export rules increases available palm oil supply to world markets, which weighs on palm oil prices. Demand concerns from China's lockdowns reinforce the downside.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-07-07 | [Palm falls for fifth day on recession woes, Indonesia’s export rules - Markets - Business Recorder](https://feedsoft.ai/events/4991-palm-falls-for-fifth-day-on-recession-woes-indonesia-s-export-rules-markets.md) | -4.4% | -6.4% |
| PALMOIL | 2022-06-03 | [Indonesia’s rupiah climbs on palm oil export permits; Asia FX upbeat - Markets - Business Recorder](https://feedsoft.ai/events/41277-indonesia-s-rupiah-climbs-on-palm-oil-export-permits-asia-fx-upbeat-markets.md) | -2.5% | -26.2% |
| PALMOIL | 2023-01-31 | [Palm drops 3% as Indonesia keeps domestic sale rule - Markets - Business Recorder](https://feedsoft.ai/events/37901-palm-drops-3-as-indonesia-keeps-domestic-sale-rule-markets-business-recorder.md) | -1.0% | +1.3% |
| PALMOIL | 2023-04-28 | [Palm oil slumps to over 6-month low - Markets - Business Recorder](https://feedsoft.ai/events/4387-palm-oil-slumps-to-over-6-month-low-markets-business-recorder.md) | -9.7% | -7.7% |
| PALMOIL | 2026-08-21 | [Indonesia expects palm oil export levy collection to jump about 31pc - Markets - Business Recorder](https://feedsoft.ai/events/15447-indonesia-expects-palm-oil-export-levy-collection-to-jump-about-31pc-markets.md) | -0.4% | +2.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40179239

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