# Vegetable Oil - Markets - Business Recorder

> Malaysian palm oil futures fell to a one-week low and extended losses over several sessions on high inventory levels and expected higher output in March. Prices recovered somewhat at one point on short covering. The benchmark June contract traded near 2,132 ringgit per tonne.

- Date: 2019-03-28 · published 2019-03-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/60203-vegetable-oil-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Routine price moves driven by stock levels and output expectations signal soft near-term palm oil values. Feed buyers using palm-based ingredients can expect continued pressure while inventories remain high.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/markets/vegetable-oil/9

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