# VEGOILS Palm falls on weak Malaysian export data

> Malaysian palm oil futures closed lower on Feb 10 on profit-taking and weak Malaysian exports in the first 10 days of February, with exports down 5-6.5% per SGS and Intertek though AmSpec reported a 0.5% rise. The April contract fell 1.13% to 5,531 ringgit per tonne, though a drop in January end stocks limited losses.

- Date: 2022-02-10 · published 2022-02-10T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42797-vegoils-palm-falls-on-weak-malaysian-export-data
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm is the cheapest vegetable oil and competes with soyoil and sunflower oil, so weaker export data points to softer vegetable oil prices, though Indonesia's export permit rules keep the supply outlook tight.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- reuters.com: https://www.reuters.com/markets/asia/vegoils-palm-eases-ahead-malaysia-jan-production-data-2022-02-10/

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