# Muted demand drags down crude palm oil futures by 0.97%

> Crude palm oil futures on the Multi Commodity Exchange fell about 0.97 percent to Rs 541.50 per 10 kg in early trade as speculators trimmed positions. Spot demand eased against adequate stocks and rising arrivals from producing regions.

- Date: 2017-03-01 · published 2017-03-01T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/7060-muted-demand-drags-down-crude-palm-oil-futures-by-0-97
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Softer spot demand and ample supplies weigh on palm oil prices, which pressure substitute vegetable oils and related feed inputs. The move is a routine downside correction rather than a supply shock.

## Read by commodity

- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2017-03-01 | 1 | -3.7% | -4.5 | Same-day report of weak spot demand, adequate stocks and speculative position trimming in palm futures, directly consistent with a sharp one-day drop, though its 0.97% decline is much smaller than the move. |

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/muted-demand-drags-down-crude-palm-oil-futures-by-0-97-117030100227_1.html

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