# Palm ends at 4-week low on soft August export data, firmer ringgit - Markets - Business Recorder

> Malaysian palm oil futures closed at a four-week low on Tuesday, down 1.8% to 2,614 ringgit a tonne, after a third straight day of losses. Partial August exports were seen down 14% to 16%, and the ringgit rose to its strongest level since March.

- Date: 2020-08-25 · published 2020-08-25T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51733-palm-ends-at-4-week-low-on-soft-august-export-data-firmer-ringgit-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker export pace and a firmer ringgit both reduce the appeal of palm oil to foreign buyers, which pressures prices. Feed buyers may see softer vegetable oil input costs in the near term.

## Read by commodity

- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-05-31 | [Palm falls to new low on weaker rival oils, negative export data - Markets - Business Recorder](https://feedsoft.ai/events/7319-palm-falls-to-new-low-on-weaker-rival-oils-negative-export-data-markets.md) | -7.4% | -2.2% |
| PALMOIL | 2021-06-14 | [Palm oil ends at over 4-month low on weaker soyoil, sliding demand - Markets - Business Recorder](https://feedsoft.ai/events/10806-palm-oil-ends-at-over-4-month-low-on-weaker-soyoil-sliding-demand-markets.md) | -3.6% | +0.1% |
| PALMOIL | 2021-07-22 | [Palm oil ends lower tracking weaker soy prices, declining export pace - Markets - Business Recorder](https://feedsoft.ai/events/46162-palm-oil-ends-lower-tracking-weaker-soy-prices-declining-export-pace-markets.md) | +1.4% | +6.9% |
| PALMOIL | 2022-05-31 | [Palm extends losses - Markets - Business Recorder](https://feedsoft.ai/events/41498-palm-extends-losses-markets-business-recorder.md) | +0.0% | -13.0% |
| PALMOIL | 2020-10-16 | [Palm oil clocks 1.4pc weekly fall as exports decline - Markets - Business Recorder](https://feedsoft.ai/events/50741-palm-oil-clocks-1-4pc-weekly-fall-as-exports-decline-markets-business-recorder.md) | +0.6% | +14.1% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40014343

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