# Malaysian palm oil drops - Markets - Business Recorder

> Malaysian palm oil fell 0.53% to 3,935 ringgit a tonne on Wednesday after cargo surveyors reported slower export gains for February 1-15. Softer rival oils on Dalian and the Chicago Board of Trade also weighed on the market. The benchmark had earlier traded up 1.43% before reversing.

- Date: 2023-02-16 · published 2023-02-16T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/37448-malaysian-palm-oil-drops-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Slowing export growth signals weaker near-term demand and removes some support from prices. The effect is small and mostly sentiment-driven, so buyers should expect only minor pressure on vegetable oil costs.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40226557

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