# A sharp decline in palm oil prices increases pressure on soybean and sunflower oil prices 09.11.2021 - UkrAgroConsult

> Malaysian palm oil futures hit a record 5,071 ringgit per tonne in early November before falling 3.9% on negative October export and inventory data. Malaysian October exports fell 11% to 1.41 million tons while stocks rose 3.4% to 1.81 million tons. Soybean oil futures also fell, down 7.3% over the week, on larger US soybean forecasts and weaker Chinese imports.

- Date: 2021-11-09 · published 2021-11-09T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44160-a-sharp-decline-in-palm-oil-prices-increases-pressure-on-soybean-and-sunflower
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising palm stocks and softer soyoil reduce vegetable oil cost pressure for feed formulators. The decline is a pullback from record levels, with the US crop outlook adding to bearish pressure.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/a-sharp-decline-in-palm-oil-prices-increases-pressure-on-soybean-and-sunflower-oil-prices/

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