# Palm falls, tracking weaker rival oils - Markets - Business Recorder

> Malaysian palm oil futures for March delivery fell 48 ringgit (1.11%) to 4,290 ringgit a metric ton in early trade on Tuesday, extending losses for a second session. The decline followed weaker rival edible oils, with Dalian soyoil down 0.11% and CBOT soyoil down 0.6%. Crude oil also slipped on a technical correction.

- Date: 2025-01-07 · published 2025-01-07T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6541-palm-falls-tracking-weaker-rival-oils-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm oil tends to track rival vegetable oils, so softer soyoil and crude prices weigh on palm and reduce its appeal as biodiesel feedstock. The move reflects routine price tracking rather than a new supply or demand shock.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40341464

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