# Palm falls for third straight day on weaker rivals, selling pressure - Markets - Business Recorder

> Malaysian palm oil futures fell for a third session, down 1.64% to 4,905 ringgit, as rival Dalian vegetable oils weakened and crude palm oil selling pressure persisted. India's October palm imports rose 60% from September to 845,682 tons, and Indonesia reaffirmed its B40 biodiesel plan for January 2025.

- Date: 2024-11-14 · published 2024-11-14T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/27497-palm-falls-for-third-straight-day-on-weaker-rivals-selling-pressure-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker rival oils and selling pressure push palm prices lower in the short term, while strong Indian import demand and the B40 mandate provide underlying support. Buyers may see choppy vegetable oil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40332451

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