# Palm falls for second day on higher output hopes, weaker Dalian - Markets - Business Recorder

> Malaysian palm oil futures fell for a second day on May 11, sliding 2.1% to 3,631 ringgit a tonne on concerns over rising Indonesian output and weaker Dalian oils. Malaysia's end-April inventories had fallen to an 11-month low.

- Date: 2023-05-11 · published 2023-05-11T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/36038-palm-falls-for-second-day-on-higher-output-hopes-weaker-dalian-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected output growth in Malaysia and Indonesia points to more supply, which tends to pressure palm and related vegetable oil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40241498

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