# Palm oil flat as higher supplies offset rising exports - Markets - Business Recorder

> Malaysian palm oil futures were flat in early trade on Wednesday near a two-week low, as higher stocks and lower soyoil prices offset rising exports. Malaysian stocks at end-October reached a three-year high, and exports rose 10.7% to 12.7% in the Nov. 1-15 period.

- Date: 2022-11-16 · published 2022-11-16T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/38780-palm-oil-flat-as-higher-supplies-offset-rising-exports-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stock levels at a three-year high are bearish for palm prices, but strong export pace provides offsetting demand support. The balance keeps prices rangebound in the near term.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40209092

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