# Palm oil falls to seven-week low on tepid June exports - Markets - Business Recorder

> Malaysian palm oil futures for August delivery closed down 0.67% at 3,845 ringgit a tonne, their lowest close in seven weeks. Malaysia's June 1-10 exports fell 14.3% from the same period in May, according to cargo surveyor Amspec Agri. MPOB data showed May stocks rose only 1.49% to 1.57 million tonnes, below expectations.

- Date: 2021-06-10 · published 2021-06-10T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/10808-palm-oil-falls-to-seven-week-low-on-tepid-june-exports-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Slower June export shipments point to weaker palm demand, which outweighs the smaller-than-expected inventory build. The market is watching June export performance for further direction.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-06-13 | 5 | -10.6% | -3.6 | Palm hit a seven-week low on June 10 on weak June 1-10 exports (-14.3%), a demand-side driver within the window. |
| PALMOIL | 2021-06-14 | 5 | -11.7% | -3.3 | Palm hit a seven-week low on June 10 on a 14.3% drop in early June exports, signaling weak demand and trade flow. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-09-11 | [Palm down on rising stocks, falling exports - Markets - Business Recorder](https://feedsoft.ai/events/34221-palm-down-on-rising-stocks-falling-exports-markets-business-recorder.md) | -1.3% | -7.2% |
| PALMOIL | 2022-04-03 | [Malaysian palm oil set for weekly loss as rival soyoil drops - Markets - Business Recorder](https://feedsoft.ai/events/5915-malaysian-palm-oil-set-for-weekly-loss-as-rival-soyoil-drops-markets-business.md) | +5.8% | +22.2% |
| PALMOIL | 2023-07-13 | [Palm oil falls over 2% on higher global edible oils output forecast - Markets - Business Recorder](https://feedsoft.ai/events/35140-palm-oil-falls-over-2-on-higher-global-edible-oils-output-forecast-markets.md) | +0.8% | -1.4% |
| PALMOIL | 2017-02-03 | [Powerful lobby sought to ease Indonesia palm oil exports - Business - The Jakarta Post](https://feedsoft.ai/events/12324-powerful-lobby-sought-to-ease-indonesia-palm-oil-exports-business-the-jakarta.md) | +0.7% | -7.2% |
| PALMOIL | 2017-08-03 | [Indonesia's palm oil exports to hit record in 2017-2018 \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/69562-indonesia-s-palm-oil-exports-to-hit-record-in-2017-2018-agrifish-post-online.md) | -0.6% | +1.3% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40099207

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