# Palm oil extends losses on weak demand  - The HinduBusinessLine

> Malaysian palm oil futures fell for a second session as losses in rival vegetable oils and slowing demand from India and China weighed. Malaysian palm exports in early February fell 6.7-10% from a month earlier. The Chinese death toll passed 2,000 and European food firms raised food safety concerns over palm sourcing.

- Date: 2020-02-19 · published 2020-02-19T12:00:00.000Z
- Category: disease · region Global · magnitude low
- Page: https://feedsoft.ai/events/10641-palm-oil-extends-losses-on-weak-demand-the-hindubusinessline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Slower import demand from India and China and falling exports pressure palm oil prices, while related oil weakness adds downside.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-02-04 | [Malaysia bets instant noodles will sustain palm oil demand in virus-hit China](https://feedsoft.ai/events/4954-malaysia-bets-instant-noodles-will-sustain-palm-oil-demand-in-virus-hit-china.md) | +4.6% | -11.1% |
| PALMOIL | 2020-02-05 | [Temporary drop on local palm oil prices due to coronavirus](https://feedsoft.ai/events/4960-temporary-drop-on-local-palm-oil-prices-due-to-coronavirus.md) | +1.3% | -8.5% |
| PALMOIL | 2020-02-05 | [Coronavirus drags down commodity prices as demand from China drops - Business - The Jakarta Post](https://feedsoft.ai/events/4957-coronavirus-drags-down-commodity-prices-as-demand-from-china-drops-business-the.md) | +1.3% | -8.5% |
| PALMOIL | 2020-05-12 | [Palm oil players warn of tougher times as pandemic hits prices \| Malaysiakini](https://feedsoft.ai/events/53239-palm-oil-players-warn-of-tougher-times-as-pandemic-hits-prices-malaysiakini.md) | +2.4% | +19.1% |
| PALMOIL | 2020-03-31 | [The price of sunflower and soybean in Ukraine in the near future may be reduced](https://feedsoft.ai/events/54255-the-price-of-sunflower-and-soybean-in-ukraine-in-the-near-future-may-be-reduced.md) | -6.2% | -7.8% |
| SBO | 2021-11-26 | [Algos and options turn a tumble into a crash on oil's Black Friday - The Business Times](https://feedsoft.ai/events/7080-algos-and-options-turn-a-tumble-into-a-crash-on-oil-s-black-friday-the-business.md) | -4.6% | -4.5% |
| SBO | 2020-05-12 | [Palm oil players warn of tougher times as pandemic hits prices \| Malaysiakini](https://feedsoft.ai/events/53239-palm-oil-players-warn-of-tougher-times-as-pandemic-hits-prices-malaysiakini.md) | +4.3% | +7.8% |
| SBO | 2020-02-28 | [China's soy complex demand likely to fall in H1 2020 on coronavirus outbreak: Rabobank \| S&P Global](https://feedsoft.ai/events/10636-china-s-soy-complex-demand-likely-to-fall-in-h1-2020-on-coronavirus-outbreak.md) | +0.9% | -8.1% |

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/markets/commodities/palm-oil-extends-losses-on-weak-demand/article30857862.ece

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