# Palm falls most in three weeks - Markets - Business Recorder

> Malaysian palm oil futures posted their biggest one-day loss in over three weeks on Feb 8, falling 1.63% to 5,446 ringgit after a record high the previous day. The drop followed weaker rival oils and profit-taking, while Indonesia issued export permits for about 310,000 tonnes of crude palm oil.

- Date: 2022-02-09 · published 2022-02-09T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/42800-palm-falls-most-in-three-weeks-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Softer rival vegetable oils and profit-taking pressured palm prices, though low production and Indonesia's permit regime continue to limit near-term supply.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40153046

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