# VEGOILS-Palm oil extends falls on greater output estimates, weaker rivals

> Malaysian palm oil futures fell for a third session as weaker rival edible oils and expectations of higher output weighed on prices. The Malaysian Palm Oil Association estimated July 1-20 production rose nearly 15% from a month earlier. Indonesia is considering raising its palm oil biodiesel blend to 40% from 35% next year.

- Date: 2024-07-26 · published 2024-07-26T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29384-vegoils-palm-oil-extends-falls-on-greater-output-estimates-weaker-rivals
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Faster output growth and weaker soyoil and crude oil reduce palm oil's appeal, pressuring prices. Indonesia's planned biodiesel increase is a potential supportive factor that partly offsets the bearish supply signals.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- energynews.oedigital.com: https://energynews.oedigital.com/renewable-energy/2024/07/26/vegoilspalm-oil-extends-falls-on-greater-output-estimates-weaker-rivals

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