# Palm posts biggest loss in nearly a month - Markets - Business Recorder

> Malaysian palm oil futures fell more than 2% to 4,852 ringgit per tonne, their sharpest intraday drop in nearly a month. Exports for October 1 to 10 fell 9.4% from September, and traders took profits after a record high the prior week. Malaysian end-September stocks fell nearly 7% month on month, which partly offset the export weakness.

- Date: 2021-10-12 · published 2021-10-12T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44666-palm-posts-biggest-loss-in-nearly-a-month-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Slowing early-October exports and profit-taking pressured palm prices, though tightening stocks limit the downside for feed fat buyers.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40126351

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