# Malaysia palm oil millers halt production as CPO prices plummet | Financial Post

> Some Malaysian palm oil millers have temporarily halted production after crude palm oil prices fell about 22% in June. Millers say they cannot afford to buy fresh fruit bunches at current prices and are facing losses. Buyers were offering around 4,700 ringgit per tonne for CPO.

- Date: 2022-06-27 · published 2022-06-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/41052-malaysia-palm-oil-millers-halt-production-as-cpo-prices-plummet-financial-post
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Mill shutdowns cut near-term processing and may tighten local supply, but the price collapse itself reflects weaker demand after Indonesia's export ban ended. Continued price weakness and halted production point to volatile palm oil markets.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- financialpost.com: https://financialpost.com/pmn/business-pmn/malaysia-palm-oil-millers-halt-production-as-cpo-prices-plummet

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