# Palm tracks rival oils lower but set for 9.7% monthly jump - Markets - Business Recorder

> Malaysian palm oil futures slipped about 1% on Tuesday in line with weaker rival edible oils, but the benchmark was still set for a 9.7% monthly gain. Rains raised concerns about output in the world's second-largest producer. Traders also discussed unconfirmed rumours that Indonesia might lower its B35 biodiesel mandate, which the government denied.

- Date: 2023-02-28 · published 2023-02-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/37444-palm-tracks-rival-oils-lower-but-set-for-9-7-monthly-jump-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Flood risk to Malaysian output supports palm prices over the month, while the possible B35 change is a downside risk that would free up Indonesian palm oil for the food market. Feed buyers should watch palm and soyoil for pass-through to meal and fat costs.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40228833

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