# CPO futures end higher, hit highest level since Feb 2011 | Malay Mail

> Crude palm oil futures on Bursa Malaysia closed higher on January 4, reaching their highest level since February 2011, with the March contract at 3,724 ringgit a tonne. Floods in Johor and Pahang, which together supply about 30% of Malaysian output, were expected to hit January and February production. Strength on the Chicago Board of Trade also supported prices.

- Date: 2021-01-04 · published 2021-01-04T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/4998-cpo-futures-end-higher-hit-highest-level-since-feb-2011-malay-mail
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Flood-related output losses in a key producing region tighten near-term palm supply, pushing prices higher and raising feed fat costs.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-01-04 | 1 | +7.9% | 7.7 | Directly reports the Jan 4 rally to a decade high, with floods in Johor and Pahang (about 30% of output) threatening Jan-Feb supply, plus CBOT strength. |
| PALMOIL | 2021-01-06 | 5 | +11.7% | 2.8 | Jan 4 rally to the highest since 2011 was supported by floods in Johor and Pahang (about 30% of output) threatening January-February production, plus CBOT strength. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-09-28 | [Impending wet season pushes CPO to close higher \| Malay Mail](https://feedsoft.ai/events/51200-impending-wet-season-pushes-cpo-to-close-higher-malay-mail.md) | -6.2% | +0.8% |
| PALMOIL | 2024-10-25 | [Malaysia’s palm oil surge: What’s driving prices to biggest highs since 2022?](https://feedsoft.ai/events/4981-malaysia-s-palm-oil-surge-what-s-driving-prices-to-biggest-highs-since-2022.md) | +9.4% | +8.3% |
| PALMOIL | 2024-10-24 | [Palm oil reaches highest since 2022, adding to food price risks](https://feedsoft.ai/events/27955-palm-oil-reaches-highest-since-2022-adding-to-food-price-risks.md) | +0.5% | +9.7% |
| PALMOIL | 2026-07-28 | [Vegoils price commentary: CME soyoil futures down on sharply lower energy prices; CPO at highest in over a week - Fastmarkets](https://feedsoft.ai/events/8279-vegoils-price-commentary-cme-soyoil-futures-down-on-sharply-lower-energy-prices.md) | +0.7% | +4.7% |
| PALMOIL | 2023-03-02 | [Palm ends at highest since Nov on flooding woes, weaker ringgit - Markets - Business Recorder](https://feedsoft.ai/events/36952-palm-ends-at-highest-since-nov-on-flooding-woes-weaker-ringgit-markets-business.md) | -0.0% | -5.3% |

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2021/01/04/cpo-futures-end-higher-hit-highest-level-since-feb-2011/1937253

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