# Palm Oil News - Three Factors Decreasing the Shares of Palm oil Issue

> Mirae Asset Sekuritas downgraded its rating on the crude palm oil sector from Overweight to Neutral. The firm cited higher second-half 2017 output, possible soybean oil oversupply from larger US plantings, and a planned extension of Indonesia's palm oil moratorium.

- Date: 2017-05-31 · published 2017-05-31T12:00:00.000Z
- Category: market · region Indonesia · magnitude low
- Page: https://feedsoft.ai/events/71096-palm-oil-news-three-factors-decreasing-the-shares-of-palm-oil-issue
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected higher palm output in the second half and soybean oil oversupply both weigh on palm and soybean oil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/5712/three-factors-decreasing-the-shares-of-palm-oil-issue

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