# Crude oil sell-offs see prices for palm oil decline | Analysis & Features | The Grocer

> Palm oil prices fell about 10% in the week to March 13 as crude oil sold off after a Saudi-Russia price war and US travel restrictions on Europe. Palm is down 27% from its January peak, trading near 2,281 ringgit per tonne. Analysts note that softer food-service demand in China is shifting use toward soyoil.

- Date: 2020-03-13 · published 2020-03-13T12:00:00.000Z
- Category: macro · region Global · magnitude medium
- Page: https://feedsoft.ai/events/54237-crude-oil-sell-offs-see-prices-for-palm-oil-decline-analysis-and-features-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower crude weakens biodiesel-linked palm demand, while shifts from palm to soyoil in food use reshape vegoil spreads for feed buyers.

## Read by commodity

- SBO: bullish ▲
- BRENT: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-03-11 | 5 | -8.7% | -3.4 | Palm fell about 10% in the week to March 13 on the crude sell-off, and weaker Chinese food-service demand adds to the pressure; the week overlaps the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-04-07 | [Palm and Soy Oil Prices Drop as Oil Prices Decline](https://feedsoft.ai/events/9631-palm-and-soy-oil-prices-drop-as-oil-prices-decline.md) | -2.5% | -6.2% |
| PALMOIL | 2025-04-07 | [Palm and soybean oil prices fell by 4.4-5.9% amid a 14.5% drop in oil prices in two days](https://feedsoft.ai/events/9630-palm-and-soybean-oil-prices-fell-by-4-4-5-9-amid-a-14-5-drop-in-oil-prices-in.md) | -2.5% | -6.2% |
| PALMOIL | 2020-02-25 | [Crude palm oil futures hit 4-month low on uncertain market sentiment \| Malay Mail](https://feedsoft.ai/events/6573-crude-palm-oil-futures-hit-4-month-low-on-uncertain-market-sentiment-malay-mail.md) | -13.3% | -15.6% |
| PALMOIL | 2020-04-28 | [Malaysian B20 Biodiesel Affected By Low Crude Oil Prices – MPOC](https://feedsoft.ai/events/53509-malaysian-b20-biodiesel-affected-by-low-crude-oil-prices-mpoc.md) | -9.4% | -4.5% |
| PALMOIL | 2021-12-01 | [The fall in the price of oil pulls down quotes for vegetable oils 01.12.2021 - UkrAgroConsult](https://feedsoft.ai/events/5260-the-fall-in-the-price-of-oil-pulls-down-quotes-for-vegetable-oils-01-12-2021.md) | -3.6% | -6.2% |
| SBO | 2016-12-05 | [The good oil on grain prices… - Grain Central](https://feedsoft.ai/events/73542-the-good-oil-on-grain-prices-grain-central.md) | -2.1% | -7.8% |
| SBO | 2024-02-28 | [Against the background of rising oil prices, palm and soybean oil prices rose, despite the absence of fundamental supporting factors](https://feedsoft.ai/events/31772-against-the-background-of-rising-oil-prices-palm-and-soybean-oil-prices-rose.md) | -0.0% | +7.7% |
| SBO | 2022-09-01 | [What Europe’s Power Crisis Means for Oilseeds \| CZ app](https://feedsoft.ai/events/39706-what-europe-s-power-crisis-means-for-oilseeds-cz-app.md) | -2.6% | -10.8% |

## Sources

- thegrocer.co.uk: https://www.thegrocer.co.uk/analysis-and-features/crude-oil-sell-offs-see-prices-for-palm-oil-decline/602836.article

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