# Malaysian palm oil prices pause on expectations of poor export data | The Star

> Malaysian palm oil futures closed 0.6% lower on June 18 at 2,022 ringgit per tonne, erasing earlier gains driven by CBOT soyoil and a softer ringgit. Traders responded to speculation of weaker export data for the period.

- Date: 2019-06-18 · published 2019-06-18T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58693-malaysian-palm-oil-prices-pause-on-expectations-of-poor-export-data-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Softer export expectations and reversal of soyoil-led gains show palm prices are range-bound and sensitive to export data, which affects vegetable oil feed input pricing.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/06/19/palm-oil-prices-pause-on-expectations-of-poor-export-data/

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