# Palm opens lower, hit by weak overseas demand - Markets - Business Recorder

> Malaysian palm oil futures opened lower on Wednesday, down 0.4% at 3,690 ringgit a metric ton, after falling 6.06% in September. Weak demand from major overseas buyers and the Dalian closure for holidays weighed on early trade.

- Date: 2023-10-04 · published 2023-10-04T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33747-palm-opens-lower-hit-by-weak-overseas-demand-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Soft export demand from key importers keeps palm supplies heavy and pressures prices lower in the short term.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40266384

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