# Palm oil ends lower with export data in focus - AgriInsite

> Malaysian palm oil futures closed lower on May 16 as traders awaited Malaysia's export data. The August contract fell 1.32% to 3,804 ringgit per tonne, and early-May exports fell 5-18% according to cargo surveyors.

- Date: 2024-05-17 · published 2024-05-17T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/30354-palm-oil-ends-lower-with-export-data-in-focus-agriinsite
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Concerns about rising production and weaker exports weigh on palm prices, while firmer rival oils offer limited support.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- agriinsite.com: https://agriinsite.com/palm-oil-ends-lower-with-export-data-in-focus/

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