# Palm oil flat, logs 2pc weekly rise on supply worries - Markets - Business Recorder

> Malaysian palm oil futures ended flat on Friday but gained 2.5% over the week. Coronavirus lockdowns in Sabah cut plantation and mill operating hours, and rainy weather in Malaysia and Indonesia linked to La Nina is hampering output. October exports signal stronger demand from India and China.

- Date: 2020-10-23 · published 2020-10-23T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/50739-palm-oil-flat-logs-2pc-weekly-rise-on-supply-worries-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lockdown limits and wet weather constrain palm supply through October, supporting prices. Firm export demand from India and China reinforces the upward pressure.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-01-21 | [Palm ends two-day decline as floods raise supply worries - Markets - Business Recorder](https://feedsoft.ai/events/49236-palm-ends-two-day-decline-as-floods-raise-supply-worries-markets-business.md) | +0.8% | -0.1% |
| PALMOIL | 2020-07-23 | [Palm oil tracks soyoil fall, wet weather stokes supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/52203-palm-oil-tracks-soyoil-fall-wet-weather-stokes-supply-concerns-markets-business.md) | +0.2% | +9.7% |
| PALMOIL | 2020-10-06 | [Palm oil jumps over 3pc - Markets - Business Recorder](https://feedsoft.ai/events/50743-palm-oil-jumps-over-3pc-markets-business-recorder.md) | +7.8% | +8.5% |
| PALMOIL | 2021-10-25 | [Palm rebounds on tight supply concerns, rival oil strength - Markets - Business Recorder](https://feedsoft.ai/events/44664-palm-rebounds-on-tight-supply-concerns-rival-oil-strength-markets-business.md) | +0.3% | +1.2% |
| PALMOIL | 2021-06-02 | [Palm oil climbs 5pc, hits two-week high - Markets - Business Recorder](https://feedsoft.ai/events/6356-palm-oil-climbs-5pc-hits-two-week-high-markets-business-recorder.md) | +4.3% | -5.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40028260

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