# Palm oil firms on slowing output forecast

> Malaysian palm oil futures rose for a second session but traded in a tight range. Malaysian production for June 1-20 was forecast to fall 6.3% from a year earlier, and exports for June 1-25 fell 16-17% from May. India also allowed limited duty-free imports of several edible oils and other products under a tariff-rate quota.

- Date: 2024-06-27 · published 2024-06-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/29871-palm-oil-firms-on-slowing-output-forecast
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Malaysian output forecasts and weaker exports tighten near-term palm supply, which supports prices. India's TRQ import allowances add some offsetting import flexibility.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Sources

- tradingview.com: https://www.tradingview.com/news/reuters.com,2024:newsml_L1N3IP03D:0-palm-oil-firms-on-slowing-output-forecast/

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