# Palm slips ahead of full month output estimates - Markets - Business Recorder

> Malaysian palm oil futures fell about 0.8% on Wednesday to 3,866 ringgit, the lowest close since November 10. Aggressive offers from Indonesia and a firmer ringgit weighed on prices. Traders were waiting for full-month export and production estimates.

- Date: 2023-11-29 · published 2023-11-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33275-palm-slips-ahead-of-full-month-output-estimates-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Lower Indonesian offers and weaker Indian demand point to softer vegetable oil prices, which can ease costs for feed-fat users. The pending month-end export and output data could set the next directional move.

## Read by commodity

- SBO: neutral
- WTI: neutral
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40275813

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