# Malaysian palm oil price slips nearly 2% on worries of high stockpiles | The Star

> Malaysian palm oil futures fell nearly 2% to 2,000 ringgit per tonne on Monday after a one-week high. Traders cited concerns over high stockpiles and expectations that Indonesia would remove its palm oil export levy.

- Date: 2018-12-03 · published 2018-12-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/61662-malaysian-palm-oil-price-slips-nearly-2-on-worries-of-high-stockpiles-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expected removal of Indonesia's export levy would make Indonesian palm oil cheaper to export, adding supply competition and pressuring Malaysian palm prices.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/12/04/palm-slips-nearly-2-pct-on-worries-of-high-stockpiles/

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