# Vegoils: Palm oil drops 1 percent tracking soyoil losses

> Malaysian palm oil futures fell over 1% on July 3 to the lowest in a week, pulled down by overnight losses in U.S. soyoil and weak Malaysian June exports. AmSpec and SGS reported June exports down 10.3% and 11.8% month on month.

- Date: 2018-07-03 · published 2018-07-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64126-vegoils-palm-oil-drops-1-percent-tracking-soyoil-losses
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Sharp export declines and soyoil weakness reduce near-term vegetable oil demand, pressuring palm and soyoil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/vegoils-palm-oil-drops-1-percent-tracking-soyoil-losses-118070300272_1.html

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