# Malaysian palm oil futures close almost flat amid supply worries - Markets - Business Recorder

> Malaysian palm oil futures were nearly unchanged on February 8 after three sessions of gains, with the April contract closing up 1 ringgit at 3,878. Planter forecasts showed sharp declines in January output and stocks, with stockpiles seen falling to 2.14 million tons.

- Date: 2024-02-08 · published 2024-02-08T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/31766-malaysian-palm-oil-futures-close-almost-flat-amid-supply-worries-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected seasonal output declines and falling stocks tighten near-term palm supply, supporting prices. Exports are expected to hold up as Indian buyers return, which limits downside.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40287997

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