# US tariffs to impact palm oil demand and prices, says CIMB Securities

> CIMB Securities says US reciprocal tariffs and China's retaliatory tariffs will weaken commodity demand. Palm oil exports to the US face a 10% tariff now, rising to 24% for Malaysian and 32% for Indonesian palm oil from April 9.

- Date: 2025-04-07 · published 2025-04-07T12:00:00.000Z
- Category: trade · region Malaysia · magnitude high
- Page: https://feedsoft.ai/events/9627-us-tariffs-to-impact-palm-oil-demand-and-prices-says-cimb-securities
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher US tariffs make palm more expensive for American buyers, likely shifting demand toward US soybean oil while falling crude adds downside pressure to palm prices.

## Read by commodity

- SBO: bullish ▲
- WTI: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2025-04-07 | 1 | -3.6% | -3.6 | Analyst note on US and Chinese tariffs weakening commodity demand and raising tariffs on Malaysian/Indonesian palm oil, a bearish sentiment and trade-flow factor on April 7. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-08-01 | [Indonesia palm oil exports to US may fall due to tariffs, industry group says](https://feedsoft.ai/events/23854-indonesia-palm-oil-exports-to-us-may-fall-due-to-tariffs-industry-group-says.md) | +1.5% | +5.3% |
| PALMOIL | 2017-05-24 | [Chinese demand for palm oil set to drop \| The Star](https://feedsoft.ai/events/71094-chinese-demand-for-palm-oil-set-to-drop-the-star.md) | -0.7% | -4.8% |
| 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 | 2025-11-01 | [Palm Oil Magazine - CPO Prices Decline Amid Rising Global Soybean Demand, Friday, Oct 31, 2025 - Palm Oil Magazine](https://feedsoft.ai/events/4448-palm-oil-magazine-cpo-prices-decline-amid-rising-global-soybean-demand-friday.md) | -6.2% | -5.7% |
| PALMOIL | 2025-01-10 | [EU palm oil imports continue to decline](https://feedsoft.ai/events/26537-eu-palm-oil-imports-continue-to-decline.md) | +0.7% | +5.3% |
| SBO | 2025-08-01 | [Indonesia palm oil exports to US may fall due to tariffs, industry group says](https://feedsoft.ai/events/23854-indonesia-palm-oil-exports-to-us-may-fall-due-to-tariffs-industry-group-says.md) | -1.5% | -1.3% |
| SBO | 2018-11-02 | [Palm oil analysts see price rise as China demand shifts; output growth eases](https://feedsoft.ai/events/6989-palm-oil-analysts-see-price-rise-as-china-demand-shifts-output-growth-eases.md) | -1.1% | -1.8% |
| SBO | 2025-11-01 | [Palm Oil Magazine - CPO Prices Decline Amid Rising Global Soybean Demand, Friday, Oct 31, 2025 - Palm Oil Magazine](https://feedsoft.ai/events/4448-palm-oil-magazine-cpo-prices-decline-amid-rising-global-soybean-demand-friday.md) | -0.7% | +4.3% |

## Sources

- nst.com.my: https://www.nst.com.my/business/corporate/2025/04/1198393/us-tariffs-impact-palm-oil-demand-and-prices-says-cimb-securities

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