# Palm oil to remain under pressure - The HinduBusinessLine

> Palm oil prices have fallen 10-12% over three months on rising inventories at origin and slowing import demand. World palm production for 2018-19 is projected at about 73 million tonnes, with record output in Indonesia and Malaysia. India's higher import duties and a weakening rupee have cut its imports.

- Date: 2018-09-24 · published 2018-09-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/63125-palm-oil-to-remain-under-pressure-the-hindubusinessline
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Rising output and softer demand from India keep palm oil under downward pressure, which weighs on vegetable oil prices used in feed fats.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- thehindubusinessline.com: https://www.thehindubusinessline.com/portfolio/commodity-analysis/palm-oil-to-remain-under-pressure/article25027835.ece

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