# SunSirs: Palm Oil Fell Sharply on April 1

> SunSirs reported that palm oil prices fell sharply on April 1, 2022, with an average market price of 12,294 RMB per tonne and a single-day drop above 3%. The decline followed weaker external futures, with high prices curbing transactions and demand.

- Date: 2022-04-02 · published 2022-04-02T12:00:00.000Z
- Category: market · region China · magnitude low
- Page: https://feedsoft.ai/events/5919-sunsirs-palm-oil-fell-sharply-on-april-1
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weak domestic demand at high prices and falling external futures point to lower palm oil prices in the near term. The impact on feed-related markets is limited.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-04-01 | 1 | -12.8% | -5.7 | Confirms a sharp April 1 drop of over 3% in palm, driven by weaker external futures and high prices curbing demand. |

## Sources

- sunsirs.com: https://www.sunsirs.com/commodity-news/petail-6858.html

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