# Palm falls for fifth day on recession woes, Indonesia’s export rules - Markets - Business Recorder

> Malaysian palm oil futures extended losses for a fifth session on Thursday, falling about 1.3% to 4,003 ringgit a tonne. Recession concerns and Indonesia's plans for more export-encouraging measures, including a possible export levy cut, weighed on the market.

- Date: 2022-07-07 · published 2022-07-07T12:00:00.000Z
- Category: policy · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/4991-palm-falls-for-fifth-day-on-recession-woes-indonesia-s-export-rules-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Indonesia's push to lift exports adds supply to the vegetable oil market, while recession fears and tighter global monetary policy curb demand. Possible levy cuts could extend downward pressure on palm prices.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| 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 | 2022-06-10 | [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 | 2022-06-03 | [Indonesia’s rupiah climbs on palm oil export permits; Asia FX upbeat - Markets - Business Recorder](https://feedsoft.ai/events/41277-indonesia-s-rupiah-climbs-on-palm-oil-export-permits-asia-fx-upbeat-markets.md) | -2.5% | -26.2% |
| PALMOIL | 2021-06-08 | [Palm falls for second day on forecasts of higher output, stockpiles - Markets - Business Recorder](https://feedsoft.ai/events/10809-palm-falls-for-second-day-on-forecasts-of-higher-output-stockpiles-markets.md) | -11.7% | -7.3% |
| PALMOIL | 2022-08-02 | [Palm drops 5% for second day as Indonesia cuts reference price - Markets - Business Recorder](https://feedsoft.ai/events/40139-palm-drops-5-for-second-day-as-indonesia-cuts-reference-price-markets-business.md) | -1.3% | +0.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40184885

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