# Palm oil falls - Newspaper - DAWN.COM

> Malaysian palm oil futures fell more than 1 percent on Monday on expected higher October inventories and weaker crude oil. A Reuters survey forecast end-October stocks at nearly 3 million tonnes, the highest in three years.

- Date: 2018-11-06 · published 2018-11-06T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62147-palm-oil-falls-newspaper-dawn-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Rising inventories and weaker crude oil, which drives palm oil's biodiesel demand, pressure palm prices. Stocks are expected to keep climbing until they stabilise.

## Read by commodity

- WTI: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-11-14 | 5 | -4.9% | -2.9 | Futures fell on expectations of October stocks near 3 million tonnes, a three-year high, plus weaker crude oil, a supply-glut and energy-linked driver within the window. |

## Sources

- dawn.com: https://www.dawn.com/news/1443832

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