# VEGOILS-Palm Oil Ticks Down On Higher Stocks, Poor Demand Outlook – MPOC

> Malaysian palm oil futures eased on Monday in range-bound trading. Expectations of higher supply weighed on prices, while demand prospects were seen as poor.

- Date: 2023-08-08 · published 2023-08-08T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/34682-vegoils-palm-oil-ticks-down-on-higher-stocks-poor-demand-outlook-mpoc
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Higher stocks and weak demand expectations point to continued downward pressure on palm oil prices.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- mpoc.org.my: https://www.mpoc.org.my/vegoils-palm-oil-ticks-down-on-higher-stocks-poor-demand-outlook/

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