# Palm oil posts longest quarterly slump on record | The Star

> Malaysian benchmark palm oil futures are down 7.1% this quarter, on course for a seventh straight quarterly drop, the longest run since futures began in 1995. Prices touched 1,951 ringgit a ton, the lowest intraday level in seven months, after a seventh straight daily decline. Persistent stockpiles in top growers and weak demand are weighing on the market while grains rally on U.S. weather disruption.

- Date: 2019-06-27 · published 2019-06-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58688-palm-oil-posts-longest-quarterly-slump-on-record-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Heavy palm and soy stocks plus soft demand keep vegetable oil prices under pressure, weakening the outlook for palm-derived feed ingredients and competing oilseed meals. Buyers can expect continued softness unless exports recover or stockpiles fall.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- themalaysianreserve.com: https://themalaysianreserve.com/2019/06/28/palm-oil-posts-its-longest-quarterly-slump-on-record/
- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/06/28/palm-oil-posts-longest-quarterly-slump-on-record/

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