# Malaysian palm jumps 1% amid supply concerns in India - Markets - Business Recorder

> Malaysian palm oil futures for November delivery rose about 1% in early trade on Tuesday, recovering from earlier losses. Traders cited tighter supply concerns after a poor monsoon forecast for India.

- Date: 2023-08-29 · published 2023-08-29T12:00:00.000Z
- Category: weather · region India · magnitude low
- Page: https://feedsoft.ai/events/34676-malaysian-palm-jumps-1-amid-supply-concerns-in-india-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A weak Indian monsoon could cut domestic oilseed output and raise import demand for palm oil, supporting prices.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-07-23 | [Malaysian palm oil closes higher on supply squeeze concerns - Markets - Business Recorder](https://feedsoft.ai/events/18444-malaysian-palm-oil-closes-higher-on-supply-squeeze-concerns-markets-business.md) | +0.4% | +4.5% |
| PALMOIL | 2024-04-22 | [Malaysian palm oil up - Markets - Business Recorder](https://feedsoft.ai/events/15656-malaysian-palm-oil-up-markets-business-recorder.md) | -0.0% | -4.8% |
| PALMOIL | 2021-10-25 | [Palm rebounds on tight supply concerns, rival oil strength - Markets - Business Recorder](https://feedsoft.ai/events/44664-palm-rebounds-on-tight-supply-concerns-rival-oil-strength-markets-business.md) | +0.3% | +1.2% |
| PALMOIL | 2021-01-04 | [Malaysian palm oil futures climb - Markets - Business Recorder](https://feedsoft.ai/events/5001-malaysian-palm-oil-futures-climb-markets-business-recorder.md) | +10.0% | -0.2% |
| PALMOIL | 2020-10-06 | [Palm oil jumps over 3pc - Markets - Business Recorder](https://feedsoft.ai/events/50743-palm-oil-jumps-over-3pc-markets-business-recorder.md) | +7.8% | +8.5% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40260404

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