# Rabobank revises down Malaysian palm oil price estimates due to production recovery  : The Daily Digest

> Rabobank has lowered its second-quarter price estimate for Malaysian palm oil to $574.85/mt. The revision reflects oil palms recovering from drought and returning to normal output, with March production above expectations. Larger expected US soybean plantings and a bigger Argentine soy crop have also weighed on prices.

- Date: 2017-04-27 · published 2017-04-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/71603-rabobank-revises-down-malaysian-palm-oil-price-estimates-due-to-production
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Higher palm output and competing soy supply add to vegetable oil availability, pressuring palm oil prices and the wider oilseed complex that feeds into meal and oil costs.

## Read by commodity

- SOY: bearish ▼
- PALMOIL: bearish ▼

## Sources

- biofuelsdigest.com: https://biofuelsdigest.com/rabobank-revises-down-malaysian-palm-oil-price-estimates-due-to-production-recovery/

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