# Palm Oil Drops on Weaker Exports and Higher Production Outlook

> Palm oil futures for November retreated from a contract high after Malaysian exports fell 15% in the first half of August, with shipments to China and the EU sharply lower. Traders also expected higher production, prompting profit-taking.

- Date: 2021-08-17 · published 2021-08-17T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/45659-palm-oil-drops-on-weaker-exports-and-higher-production-outlook
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker export demand from Malaysia and expectations of higher output point to looser palm oil supply and softer prices in the near term.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- news.bloomberglaw.com: https://news.bloomberglaw.com/international-trade/palm-oil-drops-on-weaker-exports-and-higher-production-outlook

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