# Malaysian palm oil falls - Markets - Business Recorder

> Malaysian palm oil futures closed 1.4% lower on Thursday as November exports fell 19% from October's pace, with shipments to India down nearly 50%. Supply concerns from lower output and La Nina rains limited the decline. Crude oil prices slipped 1%, reducing palm's biodiesel appeal.

- Date: 2020-11-26 · published 2020-11-26T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/50250-malaysian-palm-oil-falls-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker export demand pressures palm prices, but tight supply from La Nina-related output losses limits downside. Lower crude prices reduce biodiesel feedstock appeal.

## Read by commodity

- WTI: bearish ▼
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40035716

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