# FX.co - Palm Oil Slips Below MYR 4,700

> Malaysian palm oil futures slipped below MYR 4,700 per tonne as weaker crude reduced palm's biodiesel appeal and inventories hit record highs. Malaysia's Finance Ministry is reportedly assessing a proposal to suspend crude palm oil export taxes, and stocks are expected to exceed 3 million tonnes by year-end.

- Date: 2026-11-02 · published 2026-11-02T06:06:23.368Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/74884-fx-co-palm-oil-slips-below-myr-4-700
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising inventories and possible export tax relief would increase available palm supply, which is bearish for palm oil prices and substitute vegetable oils. The Malaysian Palm Oil Board's report due November 10 is the next key signal.

## Read by commodity

- SBO: neutral
- PALMOIL: bearish ▼

## Sources

- fx.co: https://www.fx.co/en/forex-news/3265098
- fx.co: https://www.fx.co/en/forex-news/3268178
- tradingview.com: https://www.tradingview.com/news/te_news:597092:0-palm-oil-slips-below-myr-4-700/
- tradingview.com: https://www.tradingview.com/news/te_news:597517:0-palm-oil-stays-below-myr-4-700/

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