# Malaysian palm oil price snaps winning streak to fall on weaker related oils | The Star

> Malaysian palm oil futures fell from a six-month high on Tuesday, with the November contract on Bursa Malaysia closing down 1.3% at 2,239 ringgit per tonne after five days of gains. The decline tracked weaker related oils on the Chicago Board of Trade and Dalian Commodity Exchange.

- Date: 2019-08-27 · published 2019-08-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/57677-malaysian-palm-oil-price-snaps-winning-streak-to-fall-on-weaker-related-oils
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm oil moved lower in line with soyoil and other vegetable oils, a routine price move that signals no new supply or demand shock for animal-feed buyers.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/08/28/malaysian-palm-oil-price-snaps-winning-streak-to-fall-on-weaker-related-oils

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