# Vegetable Oil - Markets - Business Recorder

> Malaysian palm oil futures moved through mid-December 2018, rising to a three-week peak on expectations of lower Malaysian output and easing Indonesian stocks, and falling on weaker US soyoil and declining exports. Analysts expected prices to rebound in 2019 if a developing El Nino reduces production.

- Date: 2018-12-18 · published 2018-12-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/61640-vegetable-oil-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm oil competes with soyoil in edible and biodiesel markets, so its moves track vegetable oil prices, and expected El Nino-driven output cuts point to firmer palm prices into 2019.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Sources

- brecorder.com: https://www.brecorder.com/markets/vegetable-oil/11

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