# Palm slumps over 4% as ringgit firms, rival oils weaken - Markets - Business Recorder

> Malaysian palm oil futures fell more than 4% on Monday to 4,108 ringgit a tonne, pressured by a stronger ringgit and weaker rival vegetable oils. The Malaysian Palm Oil Council expects prices to trade between 4,000 and 4,400 ringgit through December, while flooding and tropical storms are expected to disrupt supplies into early 2023.

- Date: 2022-11-14 · published 2022-11-14T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/38779-palm-slumps-over-4-as-ringgit-firms-rival-oils-weaken-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weather-related supply disruptions in Malaysia and Indonesia provide support, but a stronger ringgit and softer soyoil pull prices lower. Net, the market is balancing near-term supply risk against currency and demand headwinds.

## Read by commodity

- SBO: bearish ▼
- WTI: neutral
- PALMOIL: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40208699

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