# Palm tracks soyoil fall as Argentine labour talks could restore supply - Markets - Business Recorder

> Malaysian palm oil futures fell 0.73% on December 29 in line with weaker rival soyoil. Traders expected talks between Argentina's soy processors and striking oilseed workers to restore supply. The market was also awaiting Malaysian production and export data.

- Date: 2020-12-29 · published 2020-12-29T12:00:00.000Z
- Category: logistics · region Argentina · magnitude low
- Page: https://feedsoft.ai/events/49757-palm-tracks-soyoil-fall-as-argentine-labour-talks-could-restore-supply-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A resolution of the Argentine strike would restore soymeal and soyoil exports, easing competition for vegetable oils and pressuring palm prices. The effect is a near-term shift in sentiment rather than a change in fundamentals.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-06-29 | [The Quiet Month: Ukraine's Sunflower Oil Exports Sink to a Two-Year Low \| GLOBOIL Intelligence](https://feedsoft.ai/events/12626-the-quiet-month-ukraine-s-sunflower-oil-exports-sink-to-a-two-year-low-globoil.md) | -0.3% | +0.6% |
| PALMOIL | 2026-02-20 | [Shipping companies begin reintroducing services through the Suez Canal](https://feedsoft.ai/events/16881-shipping-companies-begin-reintroducing-services-through-the-suez-canal.md) | -0.4% | +8.7% |
| SBO | 2020-12-30 | [Argentine soy workers reach deal on wage hike, ending strike \| Buenos Aires Times](https://feedsoft.ai/events/49496-argentine-soy-workers-reach-deal-on-wage-hike-ending-strike-buenos-aires-times.md) | +3.0% | +1.9% |
| SBO | 2023-02-27 | [Continued operation of the grain corridor will reduce prices on the world market for vegetable oils and meal](https://feedsoft.ai/events/37433-continued-operation-of-the-grain-corridor-will-reduce-prices-on-the-world.md) | -1.3% | -8.2% |
| SBO | 2019-07-29 | [Good timing, immediate impact: AGP opens soy processing plant in Aberdeen - Agweek \| #1 source for agriculture news, farming, markets](https://feedsoft.ai/events/58165-good-timing-immediate-impact-agp-opens-soy-processing-plant-in-aberdeen-agweek.md) | -1.0% | -0.5% |
| SBO | 2024-04-30 | [Argentina grains strike lifted as lawmakers push forward divisive reforms](https://feedsoft.ai/events/13929-argentina-grains-strike-lifted-as-lawmakers-push-forward-divisive-reforms.md) | +0.5% | +6.4% |
| SBO | 2020-12-30 | [Argentine soy crushers sign deal with oilseed workers, ending strike](https://feedsoft.ai/events/49491-argentine-soy-crushers-sign-deal-with-oilseed-workers-ending-strike.md) | +3.0% | +1.9% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40045478

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