# ‘Party time’ for consumers as edible oils plunge further - The HinduBusinessLine

> Crude palm oil fell to the 10% daily limit, dropping below 4,000 ringgit a tonne, and soyabean oil fell about 8% in one session to a two-year low. Analysts cite excess stocks in Indonesia and Malaysia, with further declines of 5-7% possible.

- Date: 2022-07-06 · published 2022-07-06T12:00:00.000Z
- Category: market · region India · magnitude medium
- Page: https://feedsoft.ai/events/4993-party-time-for-consumers-as-edible-oils-plunge-further-the-hindubusinessline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising inventories and weak buying interest point to continued pressure on vegetable oil prices, which lowers costs for feed buyers who use oil in rations. Demand may stay muted until prices stabilise.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-07-05 | 5 | -26.0% | -9.8 | Limit-down move below 4,000 ringgit with excess Indonesian and Malaysian stocks cited as the cause. |
| PALMOIL | 2022-07-06 | 5 | -26.1% | -7.8 | CPO hit its limit-down and soyoil dropped about 8% as excess Indonesian and Malaysian stocks weighed, showing broad vegetable oil weakness. |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/economy/agri-business/party-time-for-consumers-as-edible-oils-plunge-further/article65608996.ece

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