# W38: Palm Oil Update

> Palm oil futures fell through the week to September 21, trading near a three-month low and posting a third weekly loss of 2.6%. Malaysia also plans to double palm oil exports to China to 500,000 tonnes a year amid EU restrictions.

- Date: 2023-09-29 · published 2023-09-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/34223-w38-palm-oil-update
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weak rival oils and softer crude pressure prices, while the planned China export increase offers some demand support.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- tridge.com: https://www.tridge.com/weekly-product-updates/w38-palm-oil-update

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