# Palm falls on weak demand from top buyers, March data awaited - Markets - Business Recorder

> Malaysian palm oil futures fell more than 2.5% on Tuesday, on track for a fourth drop in five sessions. Weak buying from India and China weighed, with traders awaiting March output and export data and USDA planting and stocks reports due March 31.

- Date: 2021-03-30 · published 2021-03-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/48223-palm-falls-on-weak-demand-from-top-buyers-march-data-awaited-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soft import demand from top buyers India and China reduces near-term vegetable oil demand, pressuring palm prices. Upcoming production and export data will set the next directional move.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-03-31 | 1 | -5.3% | -3.9 | Weak buying from India and China and a fourth drop in five sessions on 30 March show demand weakness and momentum that carried into the 31 March decline. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40079143

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