# Palm closes at one-year low as recession fears knock commodities - Markets - Business Recorder

> Malaysian palm oil futures fell for a fourth straight session to their lowest in nearly a year, down 2.8% after a 10% intraday drop. Recession fears, Indonesia's raised export quota, and weaker Dalian edible oil and crude futures drove the decline.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/4989-palm-closes-at-one-year-low-as-recession-fears-knock-commodities-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Indonesia's larger export quota and rising stocks add supply while weaker crude and recession fears reduce demand for palm as a biodiesel and food oil. Lower vegetable oil prices ease feed costs but signal soft demand across commodities.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-07-05 | 5 | -26.0% | -9.8 | Fourth straight decline to a one-year low on recession fears, Indonesia's raised export quota and weaker Dalian and crude futures. |
| PALMOIL | 2022-07-06 | 5 | -26.1% | -7.8 | Fourth straight losing session to a one-year low, attributed to recession fears, larger Indonesian export quota and weak Dalian oils and crude. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-06-10 | [Palm flops to two-month closing low as Indonesia eases export rules - Markets - Business Recorder](https://feedsoft.ai/events/41051-palm-flops-to-two-month-closing-low-as-indonesia-eases-export-rules-markets.md) | -6.3% | -32.4% |
| PALMOIL | 2023-04-28 | [Palm oil slumps to over 6-month low - Markets - Business Recorder](https://feedsoft.ai/events/4387-palm-oil-slumps-to-over-6-month-low-markets-business-recorder.md) | -9.7% | -7.7% |
| PALMOIL | 2025-01-08 | [Palm fell on export concerns, Indonesia’s biodiesel plans - Markets - Business Recorder](https://feedsoft.ai/events/6540-palm-fell-on-export-concerns-indonesia-s-biodiesel-plans-markets-business.md) | +1.2% | +1.1% |
| PALMOIL | 2022-07-07 | [Palm falls for fifth day on recession woes, Indonesia’s export rules - Markets - Business Recorder](https://feedsoft.ai/events/4991-palm-falls-for-fifth-day-on-recession-woes-indonesia-s-export-rules-markets.md) | -4.4% | -6.4% |
| PALMOIL | 2022-04-01 | [Palm falls 3pc as India extends stock limit - Markets - Business Recorder](https://feedsoft.ai/events/5914-palm-falls-3pc-as-india-extends-stock-limit-markets-business-recorder.md) | -8.9% | -1.8% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40184658

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