# Palm oil drops to one-month low on dwindling Malaysian exports

> Palm oil closed at its lowest since late March, down 1.8% in Kuala Lumpur. Malaysian April exports fell 14% to 18% from March depending on the surveyor, with sales to India down 32% and to China about 20%.

- Date: 2023-05-01 · published 2023-05-01T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/4382-palm-oil-drops-to-one-month-low-on-dwindling-malaysian-exports
- Commodities: [Corn](https://feedsoft.ai/c/CORN.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker Malaysian shipments signal softer demand and rising stocks, and a drop in soyoil adds further downward pressure on palm prices.

## Read by commodity

- SBM: neutral
- SBO: bearish ▼
- CORN: neutral
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-01 | 1 | -11.4% | -12.3 | Palm closed at a one-month low on May 1 as April Malaysian exports fell sharply (India down 32%, China about 20%), a direct demand signal on the move date. |
| SBO | 2023-05-01 | 1 | -3.0% | -3.0 | Palm oil hit a one-month low on May 1 on weak Malaysian exports, a same-day bearish vegoil signal that likely dragged on soybean oil. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| CORN | 2021-04-07 | [U.S. Ethanol Exports Slow to Five-Month Low Following Surge in January; U.S. DDGS Exports Shift Lower](https://feedsoft.ai/events/47592-u-s-ethanol-exports-slow-to-five-month-low-following-surge-in-january-u-s-ddgs.md) | +2.8% | +25.3% |
| CORN | 2024-12-05 | [Ethanol exports down on month, holding record pace - Brownfield Ag News](https://feedsoft.ai/events/26948-ethanol-exports-down-on-month-holding-record-pace-brownfield-ag-news.md) | +4.3% | +5.8% |
| CORN | 2024-01-01 | [BOUNDLESS: Exporting To More Places](https://feedsoft.ai/events/32797-boundless-exporting-to-more-places.md) | -2.0% | -3.6% |
| CORN | 2023-10-25 | [ADM Profit Tops Estimates On Good Ethanol Margins, Brazilian Exports \| ESM Magazine](https://feedsoft.ai/events/33610-adm-profit-tops-estimates-on-good-ethanol-margins-brazilian-exports-esm-magazine.md) | -3.5% | -4.0% |
| CORN | 2026-08-04 | [June a Robust Month for U.S. Ethanol and DDGS Exports](https://feedsoft.ai/events/17899-june-a-robust-month-for-u-s-ethanol-and-ddgs-exports.md) | -0.5% | +10.1% |
| PALMOIL | 2026-07-01 | [Malaysian Palm Oil Exports to Face Pressure From Indonesian Push](https://feedsoft.ai/events/18906-malaysian-palm-oil-exports-to-face-pressure-from-indonesian-push.md) | +0.6% | +0.4% |
| PALMOIL | 2018-05-03 | [Malaysian palm oil price slides to 16-month low on weak demand \| The Star](https://feedsoft.ai/events/6612-malaysian-palm-oil-price-slides-to-16-month-low-on-weak-demand-the-star.md) | +0.0% | +1.5% |
| PALMOIL | 2021-04-05 | [Malaysia's 2021 crude palm oil exports to surge 24.4% on year: MPOC](https://feedsoft.ai/events/47465-malaysia-s-2021-crude-palm-oil-exports-to-surge-24-4-on-year-mpoc.md) | +0.4% | +4.8% |

## Sources

- stories.tamu.edu: https://stories.tamu.edu/news/2023/05/24/egg-prices-plummet-as-supplies-outpace-demand/
- ukragroconsult.com: https://ukragroconsult.com/en/news/palm-oil-drops-to-one-month-low-on-dwindling-malaysian-exports/

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