# Crude Palm Oil Weekly Report – 18 February 2017 | Borneo Post Online

> Malaysian palm oil futures started a fresh downtrend in the week to 18 February 2017, with the May 2017 contract settling at 2,858 ringgit, down 4.5%. Intertek and SGS reported lower first-half February exports, and MPOB data showed end-stocks down 7.6% to 1.54 million tonnes.

- Date: 2017-02-18 · published 2017-02-18T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/11856-crude-palm-oil-weekly-report-18-february-2017-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker expected Chinese demand and rising output from rival oilseeds pressure palm oil prices lower. Falling exports and stock draws give only partial support to prices.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/02/19/crude-palm-oil-weekly-report-18-february-2017/

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