# Chinese demand for palm oil set to drop | The Star

> Palm oil demand from China, the world's No.2 importer, is set to drop in coming months as supplies of alternative edible oils flood local markets, according to industry sources. Benchmark palm oil prices have already shed 15% since the start of the year.

- Date: 2017-05-24 · published 2017-05-24T12:00:00.000Z
- Category: trade · region China · magnitude medium
- Page: https://feedsoft.ai/events/71094-chinese-demand-for-palm-oil-set-to-drop-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker Chinese import demand removes a key support for palm prices, adding downward pressure on the palm oil complex and competing vegetable oils.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-05-03 | [Malaysian palm oil price slides to 16-month low on weak demand \| The Star](https://feedsoft.ai/events/6612-malaysian-palm-oil-price-slides-to-16-month-low-on-weak-demand-the-star.md) | +0.0% | +1.5% |
| PALMOIL | 2020-02-03 | [Palm oil set for more losses on China virus, Indian import curbs - The HinduBusinessLine](https://feedsoft.ai/events/4953-palm-oil-set-for-more-losses-on-china-virus-indian-import-curbs-the.md) | -5.6% | -23.1% |
| PALMOIL | 2020-09-17 | [Indonesia's palm oil sector relies on domestic demand as exports drop - Business - The Jakarta Post](https://feedsoft.ai/events/51007-indonesia-s-palm-oil-sector-relies-on-domestic-demand-as-exports-drop-business.md) | +0.1% | +1.0% |
| PALMOIL | 2025-04-07 | [US tariffs to impact palm oil demand and prices, says CIMB Securities](https://feedsoft.ai/events/9627-us-tariffs-to-impact-palm-oil-demand-and-prices-says-cimb-securities.md) | -2.5% | -6.2% |
| PALMOIL | 2020-04-01 | [Indonesian palm oil exports to China drop by half in January: GAPKI](https://feedsoft.ai/events/54238-indonesian-palm-oil-exports-to-china-drop-by-half-in-january-gapki.md) | -3.5% | -7.7% |
| SBO | 2024-10-23 | [Rising demand for CPO \| The Star](https://feedsoft.ai/events/15613-rising-demand-for-cpo-the-star.md) | +1.0% | +5.6% |
| SBO | 2026-03-01 | [Indian demand for palm oil to rebound as prices at discount to Chinese soyoil, analysts say](https://feedsoft.ai/events/20692-indian-demand-for-palm-oil-to-rebound-as-prices-at-discount-to-chinese-soyoil.md) | +4.6% | -1.4% |
| SBO | 2019-05-06 | [Malaysian palm oil price falls for 7th day on fresh Sino-US trade tension \| The Star](https://feedsoft.ai/events/6729-malaysian-palm-oil-price-falls-for-7th-day-on-fresh-sino-us-trade-tension-the.md) | -2.1% | +1.0% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2017/05/25/chinese-demand-for-palm-oil-set-to-drop/

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