# Vegoils: Palm oil hits nearly two-week low on higher production outlook

> Malaysian palm oil futures fell to a near two-week low on July 6, after a fourth straight session of declines. Traders pointed to expectations of higher July output and cautious trading ahead of the start of U.S. tariffs on Chinese goods.

- Date: 2018-07-06 · published 2018-07-06T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64138-vegoils-palm-oil-hits-nearly-two-week-low-on-higher-production-outlook
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expectations of rising Malaysian production add to supply and weigh on palm oil prices in the short term.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- business-standard.com: https://www.business-standard.com/article/reuters/vegoils-palm-oil-hits-nearly-two-week-low-on-higher-production-outlook-118070600618_1.html

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