# Palm Oil May Drop Below $1,017 on Soy Oil Supply Surge - Bloomberg

> Veteran trader Dorab Mistry said palm oil may fall below 4,000 ringgit per tonne by April as it competes with a large flow of South American soyoil in price-sensitive markets such as India. Palm futures were at 4,155 ringgit in Kuala Lumpur at the time.

- Date: 2026-02-09 · published 2026-02-09T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/20693-palm-oil-may-drop-below-1-017-on-soy-oil-supply-surge-bloomberg
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A forecast of lower palm prices driven by soyoil competition signals softer vegetable oil prices and pressure on palm-based feed ingredients.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- bloomberg.com: https://www.bloomberg.com/news/articles/2026-02-09/palm-oil-may-drop-below-4-000-ringgit-on-soy-oil-supply-surge

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