# Palm Oil News - Two Days in row, CPO Got Decreasing: The Reasons are

> Crude palm oil on Bursa Malaysia fell for a second session on March 31, 2022, to 5,862 ringgit a tonne. The decline followed a drop in crude oil on reports the US may release strategic reserves, while traders awaited March export data.

- Date: 2022-04-02 · published 2022-04-02T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/5918-palm-oil-news-two-days-in-row-cpo-got-decreasing-the-reasons-are
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker crude oil lowers the biodiesel appeal of palm oil and pressures vegetable oil prices. This is a routine price wrap driven by energy moves.

## Read by commodity

- WTI: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| WTI | 2022-03-31 | 5 | -11.6% | -3.2 | Repeats the March 31 crude decline on US strategic reserve release reports, but it is secondary coverage. |
| PALMOIL | 2022-04-01 | 5 | -13.0% | -4.6 | Restates the Mar 31 decline tied to crude's drop, confirming the energy-linked selling within the window. |
| PALMOIL | 2022-03-31 | 5 | -13.0% | -4.3 | Report of the March 31 palm decline tied to falling crude and the US reserve release, with traders awaiting export data; duplicates the core driver. |

## Sources

- en.infosawit.com: https://en.infosawit.com/news/9679/two-days-in-row--cpo-got-decreasing--the-reasons-are

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