# Vegetable oil market: Competitiveness declines, CPO price sinks

> Indonesian market commentary reports that palm oil futures have trended lower as demand weakens after palm lost price competitiveness against other vegetable oils. The July CPO contract closed 1.8% lower at 3,571 ringgit a tonne, and Indonesian March exports of palm products fell from over 2 million tonnes in February to 1.96 million.

- Date: 2023-04-27 · published 2023-04-27T12:00:00.000Z
- Category: trade · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/4385-vegetable-oil-market-competitiveness-declines-cpo-price-sinks
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Losing price competitiveness to rival oils reduces palm demand and points to a continued softening of palm prices.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2023-04-30 | 1 | -11.4% | -13.4 | Palm lost price competitiveness against other vegetable oils, weakening demand and weighing on prices. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-08-19 | [Vegetable Oil - Markets - Business Recorder](https://feedsoft.ai/events/63615-vegetable-oil-markets-business-recorder.md) | -0.2% | -0.6% |
| PALMOIL | 2025-03-04 | [Trade Wars Trigger Global Vegetable Oil Price Decline](https://feedsoft.ai/events/11138-trade-wars-trigger-global-vegetable-oil-price-decline.md) | +0.8% | +0.3% |
| PALMOIL | 2021-07-22 | [Palm oil ends lower tracking weaker soy prices, declining export pace - Markets - Business Recorder](https://feedsoft.ai/events/46162-palm-oil-ends-lower-tracking-weaker-soy-prices-declining-export-pace-markets.md) | +1.4% | +6.9% |
| PALMOIL | 2022-05-22 | [Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41497-malaysia-sees-sustained-competitiveness-even-as-indonesia-resumes-palm-oil.md) | +1.8% | -10.6% |
| PALMOIL | 2025-10-16 | [China’s act on US soybean may pressure crude palm oil’s competitiveness — RHB Research](https://feedsoft.ai/events/22492-china-s-act-on-us-soybean-may-pressure-crude-palm-oil-s-competitiveness-rhb.md) | -0.5% | -6.3% |

## Sources

- pwc.com: https://www.pwc.com/id/en/pwc-publications/industries-publications/consumer-and-industrial-products-and-services/plantation-highlights/april-2023/vegetable-oil-market-competitiveness-declines-cpo-price-sinks.html

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