# Malaysian palm oil erases early gains on rising output - Markets - Business Recorder

> Malaysian palm oil futures ended slightly lower on Friday after giving up early gains. The benchmark August contract fell 8 ringgit to 3,886 ringgit per tonne, as production was expected to rise in May and exports fell 8-10% in the first three weeks of the month.

- Date: 2024-05-25 · published 2024-05-25T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/30351-malaysian-palm-oil-erases-early-gains-on-rising-output-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Rising Malaysian output and softer export pace add supply and weigh on palm prices, though palm's discount to rival soft oils may help regain export share.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40305255

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