# Palm oil futures see a steep fall in Jan: Is it a pull-back or an inkling of debacle?- Moneycontrol.com

> Malaysian palm oil futures fell about 17% in January, the steepest monthly drop in more than seven years, after touching a three-year high of 3,150 ringgit in early January. The decline followed India's restrictions on refined palm oil imports and informal guidance to avoid Malaysian purchases, alongside weaker demand from China.

- Date: 2020-02-05 · published 2020-02-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/4958-palm-oil-futures-see-a-steep-fall-in-jan-is-it-a-pull-back-or-an-inkling-of
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

India and China are the largest palm oil importers, so curbs and weaker demand from them reduce export demand for Malaysian palm oil. Prices may see further correction while the trade dispute and virus disruption continue.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-03 | 5 | -12.8% | -4.9 | Documents the steep January fall after India's import restrictions and weaker Chinese demand, which set up the selloff continuing into early February. |

## Sources

- moneycontrol.com: https://www.moneycontrol.com/news/business/markets/palm-oil-futures-see-a-steep-fall-in-jan-is-it-a-pull-back-or-an-inkling-of-debacle-4905701.html

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