# Harga CPO Bullish Berkat Ekspor Meningkat

> Crude palm oil futures on Bursa Malaysia Derivatives closed higher on Friday May 31, with June 2024 up 82 ringgit to 4,069 ringgit per ton and later contracts also rising. Analysts attributed the move to expected positive Malaysian export data for May 1 to 31, driven by demand from China.

- Date: 2024-06-01 · published 2024-06-01T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/8035-harga-cpo-bullish-berkat-ekspor-meningkat
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected export growth and Chinese demand support palm oil prices, tightening available vegetable oil supply for feed use.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2024-06-02 | 1 | +5.0% | 4.2 | CPO futures closed higher on May 31 on expected strong May export data and Chinese demand, supporting the sharp one-day price rise. |
| PALMOIL | 2024-06-03 | 1 | +5.0% | 4.0 | Expected positive May export data driven by Chinese demand pushed Bursa Malaysia futures higher, supporting the rally into the next session. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-08-20 | [Ekspor Sawit RI ke Eropa Masih Terganjal, Ini Biang Keladinya](https://feedsoft.ai/events/63554-ekspor-sawit-ri-ke-eropa-masih-terganjal-ini-biang-keladinya.md) | -0.2% | -0.6% |
| PALMOIL | 2017-02-01 | [CPO Export Drops But Price on the Rise](https://feedsoft.ai/events/73076-cpo-export-drops-but-price-on-the-rise.md) | -0.5% | -8.8% |
| PALMOIL | 2020-07-08 | [CPO Duty Exemption: Will Pakistan Buy More Malaysian CPO? – MPOC](https://feedsoft.ai/events/51973-cpo-duty-exemption-will-pakistan-buy-more-malaysian-cpo-mpoc.md) | +3.7% | +18.1% |
| PALMOIL | 2024-10-23 | [Rising demand for CPO \| The Star](https://feedsoft.ai/events/15613-rising-demand-for-cpo-the-star.md) | +0.9% | +11.2% |
| PALMOIL | 2025-08-19 | [CPO Prices to Hold Above RM4,300 On Biodiesel Support – MPOC](https://feedsoft.ai/events/15542-cpo-prices-to-hold-above-rm4-300-on-biodiesel-support-mpoc.md) | -0.5% | +0.9% |

## Sources

- investor.id: https://investor.id/market/363149/harga-cpo-bullish-berkat-ekspor-meningkat

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