# VEGOILS-Palm oil rise on lower stockpile hopes, but set for weekly fall  By Reuters

> Malaysian palm oil futures rose for a second day on February 5 on expectations of lower January stockpiles and output, though the contract was set for a 3.9% weekly decline. A CGS-CIMB survey projected January output down 14% month on month.

- Date: 2021-02-05 · published 2021-02-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/48727-vegoils-palm-oil-rise-on-lower-stockpile-hopes-but-set-for-weekly-fall-by
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected stock drawdowns support palm oil prices, but weak weekly performance shows demand concerns limiting gains.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- in.investing.com: https://in.investing.com/news/vegoilspalm-oil-rise-on-lower-stockpile-hopes-but-set-for-weekly-fall-2595555

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