# Palm Oil News - CPO Price at Malaysia Exchange Got Cheaper: The Lowest in One Month

> Crude palm oil on Bursa Malaysia fell 3.03% to 3,289 ringgit per ton in the morning session on May 31, 2023, its lowest in a month. Malaysian exports for May were reported mixed by cargo surveyors, and palm output was expected to rise in May. Dalian soyoil and palm contracts and CBOT soyoil also declined.

- Date: 2023-06-01 · published 2023-06-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/7325-palm-oil-news-cpo-price-at-malaysia-exchange-got-cheaper-the-lowest-in-one-month
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected higher May palm output and weaker rival oils add supply pressure and push down vegetable oil prices. Mixed export data limits the strength of the bearish signal.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-31 | 1 | -8.4% | -4.5 | Morning-session drop on May 31 tied to mixed export data, expected higher May output (supply) and weaker Dalian and CBOT soyoil. |
| PALMOIL | 2023-06-01 | 1 | -8.4% | -4.3 | Morning-session weakness on May 31 with mixed exports and expected higher output reflects supply and demand pressure behind the slide. |

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/11851/cpo-price-at-malaysia-exchange-got-cheaper--the-lowest-in-one-month

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