# Palm ends lower after holiday break, Indonesia curbs limit losses - Markets - Business Recorder

> Malaysian palm oil futures closed 1.23% lower on Thursday after the Lunar New Year break. Selling was limited by Indonesia's new requirement that 20% of domestic output be sold at home. Chicago soyoil eased about 1%.

- Date: 2022-02-03 · published 2022-02-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/8087-palm-ends-lower-after-holiday-break-indonesia-curbs-limit-losses-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

The domestic sales mandate restricts export availability and keeps palm prices supported, limiting downside. Softer soyoil alongside suggests modest pressure on rival vegetable oil prices.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- brecorder.com: https://www.brecorder.com/news/40151893

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