# Laman Web Rasmi KPK - PALM OIL: Malaysia's CPO price may stay higher if export to India is maintained

> Malaysia's CPO futures benchmark may trade near RM2,400 per tonne in June and July if exports stay strong, according to Palm Oil Analytics. Exports to India resumed after four months, though Malaysia's March shipments to India had fallen 97% year on year. Production is expected to peak from August to October, which could push prices down to about RM2,200.

- Date: 2020-05-08 · published 2020-05-08T12:00:00.000Z
- Category: trade · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/6047-laman-web-rasmi-kpk-palm-oil-malaysia-s-cpo-price-may-stay-higher-if-export-to
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Fishmeal](https://feedsoft.ai/c/FISHMEAL.md)

## Why it matters

Resumed Indian buying supports palm prices in the near term, but seasonal production peaks are expected to weigh on them later in the year. Feed buyers should watch palm oil and its meal substitutes for near-term firmness.

## Read by commodity

- PALMOIL: bullish ▲
- FISHMEAL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2020-06-01 | 1 | +8.5% | 5.5 | Resumed Malaysian exports to India after four months imply stronger import demand and supportive near-term CPO futures, consistent with a sharp price rise on June 1. |
| PALMOIL | 2020-06-02 | 5 | +12.9% | 3.7 | Resumed exports to India and analyst expectations of CPO near RM2,400 reinforced bullish demand sentiment, though the forecast of a seasonal output peak tempers the outlook. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-01-01 | [Malaysian palm oil futures open higher after India import tax cut \| The Star](https://feedsoft.ai/events/5586-malaysian-palm-oil-futures-open-higher-after-india-import-tax-cut-the-star.md) | +6.1% | +8.1% |
| PALMOIL | 2021-07-01 | [India’s lower import duty a boon to Malaysia’s palm oil](https://feedsoft.ai/events/45940-india-s-lower-import-duty-a-boon-to-malaysia-s-palm-oil.md) | +1.7% | +9.8% |
| PALMOIL | 2021-09-08 | [India’s refiners seen to favour palm oil imports from Malaysia \| Malay Mail](https://feedsoft.ai/events/44945-india-s-refiners-seen-to-favour-palm-oil-imports-from-malaysia-malay-mail.md) | -1.0% | +7.4% |
| PALMOIL | 2019-12-01 | [Malaysia signs palm oil export deal as India resumes purchases](https://feedsoft.ai/events/56153-malaysia-signs-palm-oil-export-deal-as-india-resumes-purchases.md) | +8.2% | +11.0% |
| PALMOIL | 2022-11-14 | [Palm oil rises on Nov export strength, higher Indonesian taxes](https://feedsoft.ai/events/15779-palm-oil-rises-on-nov-export-strength-higher-indonesian-taxes.md) | -4.6% | -5.7% |

## Sources

- kpk.gov.my: https://kpk.gov.my/kpk/en/menu-arkib?catid=84&id=909%3Apalm-oil-malaysia-s-cpo-price-may-stay-higher-if-export-to-india-is-maintained&view=article
- intrafish.com: https://www.intrafish.com/fisheries/peru-anchovy-quota-announced-volume-up-sharply-over-last-year/2-1-805760
- sarawaktribune.com: https://www.sarawaktribune.com/malaysias-cpo-price-may-stay-higher-if-export-to-india-is-maintained/

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