# CGS-CIMB: Crude palm oil prices to stay pressured by higher Indonesian exports, slower global growth | Malay Mail

> CGS-CIMB expects crude palm oil prices to stay under pressure in the RM4,000 to RM5,000 per tonne range. Spot CPO has fallen 30% to RM4,698 since Indonesia lifted its export ban on May 23, with most of the drop after the switch to the Domestic Market Obligation system.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: trade · region Indonesia · magnitude medium
- Page: https://feedsoft.ai/events/4992-cgs-cimb-crude-palm-oil-prices-to-stay-pressured-by-higher-indonesian-exports
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Heavy Indonesian export permits, with 2.44 million tonnes issued through early July, add supply while slower global growth limits demand. Buyers should expect palm oil to remain weak in the near term.

## 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 | Analysis attributes the roughly 30% slide since the export ban lifted to higher Indonesian exports under the DMO system and slower global growth, confirming the supply-driven bearish trend. |
| PALMOIL | 2022-07-05 | 5 | -26.0% | -9.8 | Analyst view that higher Indonesian exports and slower global growth keep prices under pressure explains the downside. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-07-01 | [Malaysian Palm Oil Exports to Face Pressure From Indonesian Push](https://feedsoft.ai/events/18906-malaysian-palm-oil-exports-to-face-pressure-from-indonesian-push.md) | +0.6% | +0.4% |
| PALMOIL | 2022-07-20 | [Indonesia’s palm oil exports set to soar 60% in price blow \| FMT](https://feedsoft.ai/events/40582-indonesia-s-palm-oil-exports-set-to-soar-60-in-price-blow-fmt.md) | -0.4% | +3.9% |
| PALMOIL | 2020-04-01 | [Indonesian palm oil exports to China drop by half in January: GAPKI](https://feedsoft.ai/events/54238-indonesian-palm-oil-exports-to-china-drop-by-half-in-january-gapki.md) | -3.5% | -7.7% |
| PALMOIL | 2022-05-22 | [Malaysia sees sustained competitiveness even as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41497-malaysia-sees-sustained-competitiveness-even-as-indonesia-resumes-palm-oil.md) | +1.8% | -10.6% |
| PALMOIL | 2025-08-01 | [Indonesia palm oil exports to US may fall due to tariffs, industry group says](https://feedsoft.ai/events/23854-indonesia-palm-oil-exports-to-us-may-fall-due-to-tariffs-industry-group-says.md) | +1.5% | +5.3% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/07/06/cgs-cimb-crude-palm-oil-prices-to-stay-pressured-by-higher-indonesian-exports-slower-global-growth/16026

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