# Weaker Palm oil might not mean weaker coconut - TM Duché & Sons Ltd

> Palm oil traded slightly lower this week on reports of better crops and rising stocks, along with expanded US soybean planting and larger South American soy forecasts. Traders expect further weakness over the coming quarters, partly on rumours that the US and EU may restrict palm oil in biofuel blending. Coconut oil held up due to strong demand and dry weather in Sri Lanka and Indonesia.

- Date: 2017-04-28 · published 2017-04-28T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/71608-weaker-palm-oil-might-not-mean-weaker-coconut-tm-duche-and-sons-ltd
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Weaker palm prices reduce costs for vegetable oil users, while coconut product tightness suggests that supply problems can still support prices for individual oils.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- tmduche.com: https://www.tmduche.com/markets/weaker-palm-oil-might-not-mean-weaker-coconut/

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