# Palm oil falls 2pc as export pace slows, Indonesia taxes weigh - Markets - Business Recorder

> Malaysian palm oil futures fell over 2% on June 1 to 3,919 ringgit a tonne. The decline followed slower May exports, Indonesia's higher June crude palm oil export tax, and a two-week nationwide lockdown in Malaysia.

- Date: 2021-05-31 · published 2021-05-31T12:00:00.000Z
- Category: trade · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/46982-palm-oil-falls-2pc-as-export-pace-slows-indonesia-taxes-weigh-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Slower export pace and a higher Indonesian export tax reduce demand for Malaysian palm oil, while the lockdown adds pressure on sentiment. Together these point to softer palm prices in the near term.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-05-31 | 1 | -7.2% | -5.5 | Palm oil futures fell on slower May exports, Indonesia's higher June CPO export tax and a Malaysian two-week lockdown, which together point to weaker demand and trade flow; the date is a day later than the move, but the drivers match. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-06-01 | [Palm oil eases as Indonesia gears up to resume exports - Markets - Business Recorder](https://feedsoft.ai/events/41053-palm-oil-eases-as-indonesia-gears-up-to-resume-exports-markets-business-recorder.md) | +0.7% | -13.0% |
| PALMOIL | 2022-05-30 | [Palm oil extends losses as uncertainty over Indonesia exports weighs - Markets - Business Recorder](https://feedsoft.ai/events/41500-palm-oil-extends-losses-as-uncertainty-over-indonesia-exports-weighs-markets.md) | +0.0% | -13.0% |
| PALMOIL | 2022-09-22 | [Malaysia’s palm oil stocks could hit 3-1/2-year high as Indonesia boosts exports - Markets - Business Recorder](https://feedsoft.ai/events/15791-malaysia-s-palm-oil-stocks-could-hit-3-1-2-year-high-as-indonesia-boosts.md) | -3.8% | -1.5% |
| PALMOIL | 2020-10-16 | [Palm oil clocks 1.4pc weekly fall as exports decline - Markets - Business Recorder](https://feedsoft.ai/events/50741-palm-oil-clocks-1-4pc-weekly-fall-as-exports-decline-markets-business-recorder.md) | +0.6% | +14.1% |
| PALMOIL | 2024-02-02 | [Palm falls 1% on India efforts to cut edible oil imports - Markets - Business Recorder](https://feedsoft.ai/events/31765-palm-falls-1-on-india-efforts-to-cut-edible-oil-imports-markets-business.md) | +0.6% | +3.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40096769

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