# Weaker Palm oil caused by currency and good supply - TM Duché & Sons Ltd

> Palm oil rebounded slightly after trading at a three-month low, as good supply and only a small rise in demand pushed prices lower over recent weeks. Coconut oil also fell after Sri Lanka cut its import levy, though desiccated coconut prices stayed firm.

- Date: 2017-02-16 · published 2017-02-16T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11860-weaker-palm-oil-caused-by-currency-and-good-supply-tm-duche-and-sons-ltd
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Ample palm oil supply and currency effects keep palm prices under pressure, while coconut-oil weakness spreads into related vegetable oils. The rebound suggests limited near-term downside.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2017-02-16 | 1 | -2.3% | -3.1 | Dated 16 Feb, it attributes the weakness to good supply, soft demand and currency, which are plausible drivers of the decline, though it mentions a slight rebound from the three-month low. |

## Sources

- tmduche.com: https://www.tmduche.com/markets/weaker-palm-oil-caused-currency-good-supply/

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