# Malaysian palm oil price declines on expectation of higher output – Customs Today Newspaper

> Malaysian palm oil futures fell for a third day in four on expectations of higher output. The September contract closed down 0.2 percent at 2,442 ringgit per tonne, and Malaysian May production rose 6.9 percent month on month to 1.65 million tonnes.

- Date: 2017-06-24 · published 2017-06-24T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70587-malaysian-palm-oil-price-declines-on-expectation-of-higher-output-customs-today
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising Malaysian output and expected supply growth push palm oil prices lower, and weaker palm prices can cap soybean oil and feed fat demand.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Sources

- customstoday.media: https://customstoday.media/malaysian-palm-oil-price-declines-on-expectation-of-higher-output/

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