# Palm oil ends higher - Markets - Business Recorder

> Malaysian palm oil futures rose 1% on Monday after industry groups estimated a more than 10% month-on-month drop in output during the first 20 days of November. Malaysian exports for Nov 1-20 fell 16% year on year, with shipments to India roughly halving. Talk of Indonesia raising export levies also supported prices.

- Date: 2020-11-23 · published 2020-11-23T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50248-palm-oil-ends-higher-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower Malaysian output and expected Indonesian export levies tighten palm supply, supporting vegetable oil prices. Weaker export demand from India partly offsets this.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40034801

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