# Palm oil falls to 6-week low on bearish outlook for stocks | The Star

> Palm oil prices fell to a six-week low after analyst Dorab Mistry forecast on Monday that Malaysia's 2019 palm oil output would rise to 20 million tonnes, up from earlier estimates of 19 to 19.5 million tonnes. The forecast raised expectations of higher stocks.

- Date: 2019-04-30 · published 2019-04-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6145-palm-oil-falls-to-6-week-low-on-bearish-outlook-for-stocks-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

A higher production forecast raises expected palm oil supply and inventories, which pressures prices. Buyers of palm-based feed fats may face softer costs if the outlook holds.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-04-30 | 1 | -3.7% | -5.6 | Directly attributes the fall to a six-week low after Mistry's higher Malaysian output forecast, which raised expectations of larger stocks. |
| PALMOIL | 2019-05-05 | 5 | -9.0% | -4.8 | Dorab Mistry's higher output forecast raised stock expectations and pushed prices to a six-week low at the start of the window. |
| PALMOIL | 2019-05-01 | 1 | -3.7% | -5.4 | Palm oil fell to a six-week low on Mistry's higher 2019 Malaysian output forecast, which raised stock expectations (supply/sentiment), but it was reported 2019-04-30, a day before the May 1 move, so it is likely a contributing factor via continued selling. |
| PALMOIL | 2019-05-06 | 5 | -9.0% | -4.7 | Mistry's higher output forecast raised expectations of larger stocks (supply), pressuring prices to a six-week low at the start of the window. |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/05/01/palm-oil-falls-to-6-week-low-on-bearish-outlook-for-stocks/

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