# Minister expects CPO prices to stay firm, not dip below RM4,500 a tonne | Malay Mail

> Malaysia's plantation minister said crude palm oil prices are not expected to fall below RM4,500 a tonne. She said the market has settled into a new norm of RM4,500 to RM5,000 after prices fell 25.3% from June 7 to June 22. She also said the government would act against cooking oil sellers found hoarding for the black market.

- Date: 2022-07-03 · published 2022-07-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6220-minister-expects-cpo-prices-to-stay-firm-not-dip-below-rm4-500-a-tonne-malay
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The official price floor view is a sentiment signal rather than a supply change, so its direct effect on palm prices is limited. Traders may still treat it as a reference range for the near-term market.

## Read by commodity

- PALMOIL: neutral

## Sources

- malaymail.com: https://www.malaymail.com/news/money/2022/07/03/minister-expects-cpo-prices-to-stay-firm-not-dip-below-rm4500-a-tonne/15544

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