# CPO prices weighed down by expectations of higher output | Malay Mail

> Malaysian crude palm oil futures ended lower on June 22 as expectations of higher output weighed on prices. Analysts said a second COVID-19 wave could hurt demand, and OCBC economist Howie Lee warned that US soybean purchases under the US-China trade deal could create a soyoil glut in China. Malaysian palm oil exports for June 1-20 rose 57% from May 1-20.

- Date: 2020-06-22 · published 2020-06-22T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/52731-cpo-prices-weighed-down-by-expectations-of-higher-output-malay-mail
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher output and possible Chinese soyoil oversupply would weigh on palm prices, while the return of India as a buyer could offset some pressure. Strong export growth provides partial support.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- beta.malaymail.com: https://beta.malaymail.com/news/money/2020/06/22/cpo-prices-weighed-down-by-expectations-of-higher-output/1877863

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