# Palm oil almost flat but logs fourth consecutive weekly loss - Markets - Business Recorder

> Malaysian palm oil futures were roughly flat on Friday but posted a fourth straight weekly loss, with the July contract down 0.10% to 3,842 ringgit per ton. Falling Malaysian April exports, estimated down 9% to 11.5% month on month, and lower Chicago soyoil prices weighed on sentiment.

- Date: 2024-05-03 · published 2024-05-03T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/4564-palm-oil-almost-flat-but-logs-fourth-consecutive-weekly-loss-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Weaker export flows and softer soyoil reduce demand pressure on vegetable oils, supporting bearish palm and soyoil price direction. Soybean meal is only indirectly affected through the crush economics.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2024-04-30 | 1 | -7.3% | -10.6 | Confirms falling April Malaysian exports (down about 9%) and weaker soyoil weighed on palm, the mechanism behind the selloff, though dated after the move. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2020-08-14 | [Palm oil logs 2.5 percent weekly fall - Markets - Business Recorder](https://feedsoft.ai/events/51738-palm-oil-logs-2-5-percent-weekly-fall-markets-business-recorder.md) | +1.1% | +4.9% |
| PALMOIL | 2020-10-16 | [Palm oil clocks 1.4pc weekly fall as exports decline - Markets - Business Recorder](https://feedsoft.ai/events/50741-palm-oil-clocks-1-4pc-weekly-fall-as-exports-decline-markets-business-recorder.md) | +0.6% | +14.1% |
| PALMOIL | 2025-04-08 | [Malaysian palm oil extends losses - Markets - Business Recorder](https://feedsoft.ai/events/9625-malaysian-palm-oil-extends-losses-markets-business-recorder.md) | +0.7% | -4.1% |
| PALMOIL | 2022-05-31 | [Palm extends losses - Markets - Business Recorder](https://feedsoft.ai/events/41498-palm-extends-losses-markets-business-recorder.md) | +0.0% | -13.0% |
| PALMOIL | 2023-05-31 | [Palm falls to new low on weaker rival oils, negative export data - Markets - Business Recorder](https://feedsoft.ai/events/7319-palm-falls-to-new-low-on-weaker-rival-oils-negative-export-data-markets.md) | -7.4% | -2.2% |
| SBO | 2025-04-08 | [Malaysian palm oil extends losses - Markets - Business Recorder](https://feedsoft.ai/events/9625-malaysian-palm-oil-extends-losses-markets-business-recorder.md) | +2.0% | +5.2% |
| SBO | 2022-05-31 | [Palm extends losses - Markets - Business Recorder](https://feedsoft.ai/events/41498-palm-extends-losses-markets-business-recorder.md) | +1.2% | -14.3% |
| SBO | 2023-05-31 | [Palm falls to new low on weaker rival oils, negative export data - Markets - Business Recorder](https://feedsoft.ai/events/7319-palm-falls-to-new-low-on-weaker-rival-oils-negative-export-data-markets.md) | +5.2% | +22.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40301586
- brecorder.com: https://www.brecorder.com/news/40301619

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