# India's July palm oil imports may surge to 10-month high as prices plunge

> Malaysian palm oil futures tumbled 10% on Wednesday to a near one-year low. The fall was driven by fears of rising stockpiles and a commodity sell-off on concerns that demand may weaken in a possible global recession.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/4987-india-s-july-palm-oil-imports-may-surge-to-10-month-high-as-prices-plunge
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Sliding palm prices lower the cost of vegetable oil for feed blenders, but the drop reflects weak demand and high stocks rather than a supply shock. Buyers may see further downside while inventories remain elevated.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-07-06 | 5 | -26.1% | -7.8 | A 10% single-day plunge to a near one-year low on stockpile fears and recession-driven commodity selloff directly accounts for much of the 5-day drop. |
| PALMOIL | 2022-07-05 | 5 | -26.0% | -9.8 | 10% one-day plunge on stockpile fears and a commodity sell-off on global recession demand concerns. |

## Sources

- reuters.com: https://www.reuters.com/markets/commodities/indias-july-palm-oil-imports-may-surge-10-month-high-prices-plunge-2022-07-06/

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