# Palm falls as crude prices slump, March exports weaken - Markets - Business Recorder

> Malaysian palm oil futures slipped on March 28, 2022, as crude oil fell after China announced a nine-day lockdown of Shanghai. Malaysian palm exports for March 1-25 fell 5% from February, and MPOC forecast a small rise in 2022 global palm output.

- Date: 2022-03-28 · published 2022-03-28T12:00:00.000Z
- Category: geopolitics · region China · magnitude low
- Page: https://feedsoft.ai/events/5916-palm-falls-as-crude-prices-slump-march-exports-weaken-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Lower crude and weaker China fuel demand reduce palm's biodiesel appeal and cut vegetable oil demand, pressuring palm prices. Tight South American soybean supply and Black Sea sunflower bottlenecks provide some offset.

## Read by commodity

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

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-03-31 | 5 | -13.0% | -4.3 | On March 28 palm slipped as crude fell on the Shanghai lockdown (demand risk) and March exports weakened, adding to downward pressure. |
| PALMOIL | 2022-04-01 | 5 | -13.0% | -4.6 | On Mar 28 palm slipped as crude fell on Shanghai lockdown (demand fears) and weak early-March exports, starting the week's selloff. |
| WTI | 2022-03-31 | 5 | -11.6% | -3.2 | Crude fell on March 28 after Shanghai's lockdown announcement, a demand-side concern that fed the window's decline. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2022-03-14 | [Palm plummets nearly 10% as rival Dalian oils, crude weaken - Markets - Business Recorder](https://feedsoft.ai/events/5499-palm-plummets-nearly-10-as-rival-dalian-oils-crude-weaken-markets-business.md) | -5.0% | -10.6% |
| PALMOIL | 2026-10-01 | [CPO Futures Extend Losses Amid Weaker Crude Oil Prices](https://feedsoft.ai/events/9799-cpo-futures-extend-losses-amid-weaker-crude-oil-prices.md) | -5.8% | -3.8% |
| PALMOIL | 2022-02-27 | [Ukraine crisis: Agri commodities prices plunge in global markets as supply fears recede - The HinduBusinessLine](https://feedsoft.ai/events/8528-ukraine-crisis-agri-commodities-prices-plunge-in-global-markets-as-supply-fears.md) | +9.2% | +9.9% |
| PALMOIL | 2022-03-14 | [Ahead of the Open \| March 14, 2022 - Pro Farmer](https://feedsoft.ai/events/5498-ahead-of-the-open-march-14-2022-pro-farmer.md) | -5.0% | -10.6% |
| PALMOIL | 2020-03-08 | [Oil price war between Saudi, Russia after failed OPEC deal](https://feedsoft.ai/events/54278-oil-price-war-between-saudi-russia-after-failed-opec-deal.md) | -6.5% | -12.1% |
| WTI | 2022-03-14 | [Palm plummets nearly 10% as rival Dalian oils, crude weaken - Markets - Business Recorder](https://feedsoft.ai/events/5499-palm-plummets-nearly-10-as-rival-dalian-oils-crude-weaken-markets-business.md) | -4.2% | -10.1% |
| WTI | 2026-03-10 | [Chicago soy, grains retreat as technical selling unwinds crude-driven rally - Markets - Business Recorder](https://feedsoft.ai/events/10390-chicago-soy-grains-retreat-as-technical-selling-unwinds-crude-driven-rally.md) | -1.3% | +20.4% |
| WTI | 2024-04-18 | [Crude oil prices today: WTI falls below $83 as war fear eases](https://feedsoft.ai/events/30929-crude-oil-prices-today-wti-falls-below-83-as-war-fear-eases.md) | +0.5% | -4.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40163470

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