# Palm rises for third day, inventory pile-up in Indonesia caps gains - Markets - Business Recorder

> Malaysia's benchmark palm oil futures rose for a third session on Tuesday, supported by gains in rival edible oils. Gains were capped by concern over high palm oil inventories in Indonesia after the export ban ended. Indonesia's trade minister said India is committed to importing 2.6 million tonnes of palm oil products.

- Date: 2022-08-23 · published 2022-08-23T12:00:00.000Z
- Category: market · region Asia · magnitude low
- Page: https://feedsoft.ai/events/40136-palm-rises-for-third-day-inventory-pile-up-in-indonesia-caps-gains-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Large Indonesian stocks limit upside for palm oil, while the reported Indian purchase commitment offers some demand support. Net price effect for vegetable oil-based feed inputs is modest.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40193281

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