# Malaysian palm oil price slips on higher inventory outlook, weaker crude oil | The Star

> Malaysian palm oil futures fell on Wednesday, snapping three days of gains. The decline followed forecasts of rising inventories, weaker crude oil and a market correction. The November contract closed down 0.3% at 2,291 ringgit a tonne.

- Date: 2018-09-05 · published 2018-09-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63129-malaysian-palm-oil-price-slips-on-higher-inventory-outlook-weaker-crude-oil-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expectations of higher stocks and weaker crude point to lower palm oil prices, which can weigh on related vegetable oils.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/09/06/palm-slips-on-higher-inventory-outlook-weaker-crude-oil/

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