# Palm oil falls - Newspaper - DAWN.COM

> Malaysian palm oil futures slipped on August 29 on bearish price and production outlooks, especially for Indonesia. The November contract fell 0.7% to 2,217 ringgit a tonne. Analysts said Indonesia's 2018 crude palm oil output could rise 4-6 million tonnes to 40-42 million tonnes.

- Date: 2018-08-30 · published 2018-08-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63636-palm-oil-falls-newspaper-dawn-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher expected Indonesian output adds to global vegetable oil supply, pressuring palm oil prices lower. Softer palm prices weigh on competing vegoils and make palm cheaper relative to soy oil.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- dawn.com: https://www.dawn.com/news/1429802

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