# Vegetable Oil - Markets - Business Recorder

> Malaysian palm oil futures edged lower after three sessions of gains, pressured by a stronger ringgit and weaker related edible oils. European vegoils prices firmed on tracking Malaysian futures and CBOT soyoil support. Separately, India's palm oil imports for 2017/18 were projected to fall 15% to a six-year low due to higher import taxes, a weaker rupee and tighter credit.

- Date: 2018-08-19 · published 2018-08-19T12:00:00.000Z
- Category: trade · region India · magnitude medium
- Page: https://feedsoft.ai/events/63615-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

Reduced Indian palm oil import demand is bearish for palm prices, while the stronger ringgit and weaker related oils add further downward pressure.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2025-04-08 | [Malaysian palm oil extends losses - Markets - Business Recorder](https://feedsoft.ai/events/9625-malaysian-palm-oil-extends-losses-markets-business-recorder.md) | +0.7% | -4.1% |
| PALMOIL | 2022-05-31 | [Palm extends losses - Markets - Business Recorder](https://feedsoft.ai/events/41498-palm-extends-losses-markets-business-recorder.md) | +0.0% | -13.0% |
| PALMOIL | 2020-08-14 | [Palm oil logs 2.5 percent weekly fall - Markets - Business Recorder](https://feedsoft.ai/events/51738-palm-oil-logs-2-5-percent-weekly-fall-markets-business-recorder.md) | +1.1% | +4.9% |
| PALMOIL | 2024-02-02 | [Palm falls 1% on India efforts to cut edible oil imports - Markets - Business Recorder](https://feedsoft.ai/events/31765-palm-falls-1-on-india-efforts-to-cut-edible-oil-imports-markets-business.md) | +0.6% | +3.9% |
| PALMOIL | 2021-08-18 | [Palm oil slides nearly 3% on bleak export outlook - Markets - Business Recorder](https://feedsoft.ai/events/45436-palm-oil-slides-nearly-3-on-bleak-export-outlook-markets-business-recorder.md) | -1.0% | +1.2% |
| SBO | 2024-05-31 | [Malaysian palm oil rises on export outlook - Markets - Business Recorder](https://feedsoft.ai/events/8032-malaysian-palm-oil-rises-on-export-outlook-markets-business-recorder.md) | -1.1% | +0.4% |
| SBO | 2021-02-11 | [Egypt's GASC gets offers in soyoil, sunflower oil tender - Markets - Business Recorder](https://feedsoft.ai/events/48730-egypt-s-gasc-gets-offers-in-soyoil-sunflower-oil-tender-markets-business.md) | +1.7% | +18.5% |
| SBO | 2026-06-20 | [Brazil’s soymeal export push challenges Argentina’s dominance - Markets - Business Recorder](https://feedsoft.ai/events/18881-brazil-s-soymeal-export-push-challenges-argentina-s-dominance-markets-business.md) | +1.6% | +7.3% |

## Sources

- brecorder.com: https://www.brecorder.com/markets/vegetable-oil/16

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