# VEGOILS-Palm oil falls over 3% on weaker Dalian oils, higher output expectations By Reuters

> Malaysian palm oil futures fell more than 3% on September 23, tracking weaker Dalian oils and expectations of higher output in Malaysia and Indonesia. Palm oil was down about 7% for the week on worries about European lockdowns hurting demand, though it was still up for the month.

- Date: 2020-09-23 · published 2020-09-23T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/10817-vegoils-palm-oil-falls-over-3-on-weaker-dalian-oils-higher-output-expectations
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising September output from Malaysia and Indonesia adds supply while lockdown-related demand concerns weigh on prices. Lower palm oil prices can reduce competing vegetable oil costs for feed formulators.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2020-09-23 | 5 | -8.1% | -3.0 | Palm oil fell over 3% on Sept 23 on weaker Dalian oils and higher output expectations, pulling competing vegetable oils including soyoil lower. |

## Sources

- in.investing.com: https://in.investing.com/news/vegoilspalm-oil-falls-over-3-on-weaker-dalian-oils-higher-output-expectations-2434766

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