# Palm falls 3pc as India extends stock limit - Markets - Business Recorder

> Malaysian palm oil futures fell over 3% on April 1, 2022, logging their first monthly decline of the year after India extended its edible oil and oilseed stock limit to Dec. 31. Crude oil fell more than $5 on reports the US may release strategic reserves, and Russia announced sunflower seed export bans and a sunflower oil export quota.

- Date: 2022-04-01 · published 2022-04-01T12:00:00.000Z
- Category: policy · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/5914-palm-falls-3pc-as-india-extends-stock-limit-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Weaker crude reduces palm's appeal as biodiesel feedstock, and Russia's sunflower restrictions tighten the vegetable oil supply, which supports meal and oil alternatives. Net price direction for palm and soyoil was lower on the day.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- PALMOIL: bearish ▼
- SUNMEAL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-04-01 | 1 | -12.8% | -5.7 | Directly dated April 1: palm fell over 3% as India extended its edible oil stock limit (weaker import demand sentiment) and crude dropped over $5 on possible US strategic reserve release, cutting biodiesel appeal. |
| PALMOIL | 2022-04-01 | 5 | -13.0% | -4.6 | On April 1 palm fell over 3% as India extended its edible oil stock limit (curbing import demand) and crude dropped over $5 on possible US reserve release, directly driving the final-day drop. |
| WTI | 2022-03-31 | 5 | -11.6% | -3.2 | Confirms crude dropped over $5 on US SPR release reports, though dated April 1, just after the window ended. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-06-14 | [Palm extends fall to hit over 4-month low on cheaper US soyoil - Markets - Business Recorder](https://feedsoft.ai/events/10807-palm-extends-fall-to-hit-over-4-month-low-on-cheaper-us-soyoil-markets-business.md) | -3.6% | +0.1% |
| PALMOIL | 2025-01-02 | [Palm oil ends lower after news on Indonesia’s B40 delay - Markets - Business Recorder](https://feedsoft.ai/events/5046-palm-oil-ends-lower-after-news-on-indonesia-s-b40-delay-markets-business.md) | -10.6% | -10.3% |
| PALMOIL | 2022-07-07 | [Palm falls for fifth day on recession woes, Indonesia’s export rules - Markets - Business Recorder](https://feedsoft.ai/events/4991-palm-falls-for-fifth-day-on-recession-woes-indonesia-s-export-rules-markets.md) | -4.4% | -6.4% |
| PALMOIL | 2021-02-02 | [Palm oil falls nearly 2% on weak Jan exports, higher Indian tax - Markets - Business Recorder](https://feedsoft.ai/events/48724-palm-oil-falls-nearly-2-on-weak-jan-exports-higher-indian-tax-markets-business.md) | -3.3% | +4.3% |
| PALMOIL | 2023-01-31 | [Palm drops 3% as Indonesia keeps domestic sale rule - Markets - Business Recorder](https://feedsoft.ai/events/37901-palm-drops-3-as-indonesia-keeps-domestic-sale-rule-markets-business-recorder.md) | -1.0% | +1.3% |
| SBO | 2021-08-25 | [Palm oil falls - Markets - Business Recorder](https://feedsoft.ai/events/45655-palm-oil-falls-markets-business-recorder.md) | -1.4% | -5.7% |
| SBO | 2021-06-14 | [Palm extends fall to hit over 4-month low on cheaper US soyoil - Markets - Business Recorder](https://feedsoft.ai/events/10807-palm-extends-fall-to-hit-over-4-month-low-on-cheaper-us-soyoil-markets-business.md) | -10.4% | -11.7% |
| SBO | 2023-01-31 | [Palm drops 3% as Indonesia keeps domestic sale rule - Markets - Business Recorder](https://feedsoft.ai/events/37901-palm-drops-3-as-indonesia-keeps-domestic-sale-rule-markets-business-recorder.md) | -3.9% | -2.6% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40164464

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