# Palm Oil Magazine - CPO Prices Drop 1.33% on Malaysia Exchange, January 2, 2025 - Palm Oil Magazine

> The benchmark crude palm oil contract for March 2025 delivery fell 1.33% to 4,389 ringgit (about US$980.56) per metric ton by midday on Thursday, January 2. Prices had risen as much as 1.8% early on, supported by gains in Dalian soyoil, before selling emerged. Indonesia set its January crude palm oil reference price at US$1,059.54 per metric ton, which is used to calculate export duties.

- Date: 2025-01-03 · published 2025-01-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6542-palm-oil-magazine-cpo-prices-drop-1-33-on-malaysia-exchange-january-2-2025-palm
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Routine price moves in palm oil track competing vegetable oils, and the Indonesian reference price feeds into export duty levels that affect export competitiveness. Without new supply news, the price drop is mainly a short-term pullback.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2025-01-03 | 5 | -10.5% | -5.3 | Prices reversed from early gains to a 1.33% fall on Jan 2 as selling emerged, contributing to the weekly decline. |
| PALMOIL | 2025-01-06 | 5 | -11.3% | -4.9 | Midday Jan 2 drop after early gains shows selling pressure and cites the lower reference price. |

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/cpo-price/2025/01/03/cpo-prices-drop-1-33-on-malaysia-exchange-january-2-2025/

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