# Malaysian palm oil price falls more than 1% on bearish production outlook | The Star

> Malaysian palm oil futures reversed earlier gains to close 1.1% lower at 2,010 ringgit a tonne on Friday. The decline was driven by bearish production outlooks and marked the sixth straight session of losses and the biggest weekly drop since early November.

- Date: 2019-05-03 · published 2019-05-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6144-malaysian-palm-oil-price-falls-more-than-1-on-bearish-production-outlook-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expectations of higher output increase near-term palm supply, which tends to weigh on palm oil and related vegetable oil prices. The effect on feed-grade protein and fat costs is modest.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-05-05 | 5 | -9.0% | -4.8 | May 3 close down 1.1% marked a sixth straight loss and the biggest weekly drop since November, directly capturing the move on bearish production outlook. |
| PALMOIL | 2019-05-06 | 5 | -9.0% | -4.7 | A further 1.1% fall on bearish production outlook extended the losing streak and produced the biggest weekly drop since November. |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/05/04/palm-falls-more-than-1-pct-on-bearish-production-outlook/

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