# Palm falls for second day on weak Oct exports, tight supply supports - Markets - Business Recorder

> Malaysian palm oil futures fell more than 1% to 4,891 ringgit per tonne, extending losses for a second session. Malaysian exports for October 1 to 10 fell 7.5% from the same period in September. Analysts said tight global edible oil inventories and expected output shortfalls continued to support prices.

- Date: 2021-10-12 · published 2021-10-12T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/44667-palm-falls-for-second-day-on-weak-oct-exports-tight-supply-supports-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker near-term export demand pressures palm prices, but tight inventories and low production expectations are likely to limit losses for vegetable oil buyers.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40126183

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