# Palm reverses earlier losses on lower supply, better demand expectations - Markets - Business Recorder

> Malaysian palm oil futures reversed earlier losses to close flat at 3,930 ringgit per tonne on Wednesday after dipping to 3,862. Indonesian Palm Oil Association expects Indonesian end-2021 stocks to shrink to 2.67 million tonnes as demand outpaces output.

- Date: 2021-03-24 · published 2021-03-24T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/48224-palm-reverses-earlier-losses-on-lower-supply-better-demand-expectations-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Expected tightening of Indonesian stocks and slightly better demand support palm prices, which in turn supports competing vegetable oil and meal pricing. Biodiesel demand from cheaper crude also underpins the market.

## Read by commodity

- WTI: neutral
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40077071

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