# Palm falls for fourth consecutive week on weak exports - Markets - Business Recorder

> Malaysian palm oil futures fell for a fourth straight week, with the February contract down about 6% over the four weeks. Malaysian palm oil product exports in the first half of December fell 13.6% month-on-month, per Intertek. Support came from lower inventories and production losses in Malaysia and Indonesia.

- Date: 2023-12-15 · published 2023-12-15T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/32799-palm-falls-for-fourth-consecutive-week-on-weak-exports-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weak export pace is bearish for palm oil, which competes with soyoil and other vegetable oils and feeds into oilseed meal and feed fat markets. Production shortfalls partly offset the demand weakness.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40278857

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