# Palm rises 1pc on signs of growing demand; rising output view weighs - Markets - Business Recorder

> Malaysian palm oil futures rose over 1% on June 23 on improving demand and firm rival edible oils. Gains were limited by a report that Malaysian output rose 15% in June 1-20 and by Indonesia's plan to cut its crude palm oil levy ceiling to $175 per tonne.

- Date: 2021-06-23 · published 2021-06-23T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/46658-palm-rises-1pc-on-signs-of-growing-demand-rising-output-view-weighs-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger demand supports palm prices, while rising Malaysian output and a lower Indonesian levy (which may boost Indonesian exports) add supply pressure. Net effect is modestly bullish with capped upside.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40102425

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