# Palm oil eases, logs second monthly loss on rising stockpile forecast - Markets - Business Recorder

> Malaysian palm oil futures fell for a second straight session, down 1.6% to 3,679 ringgit a metric ton, and logged a second monthly loss of 2.4% in October. Analysts cited rising stockpile expectations and weakness on the Dalian exchange as China's factory activity returned to contraction.

- Date: 2023-10-31 · published 2023-10-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33740-palm-oil-eases-logs-second-monthly-loss-on-rising-stockpile-forecast-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher expected Malaysian output and softer Chinese demand point to ample palm supplies and lower vegetable oil prices in the near term.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40270934

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