13.12.2021 (www.brecorder.com) - KUALA LUMPUR: Malaysian palm oil futures slid on Monday, tracking losses in rival oils and as larger-than-expected November inventories weighed on market sentiment.

• Exports of Malaysian palm oil products for Dec. 1-10 rose 0.2% to 572,689 tonnes from 571,450 tonnes shipped during Nov. 1-10, cargo surveyor Intertek Testing Services said on Friday.
• Malaysia's palm oil end-stocks for November beat market surveys with a smaller-than-expected decline as the rise in exports came in lower than estimates, Malaysian Palm Oil Board data showed on Friday.
• Dalian's most-active soyoil contract slipped 1.3%, while its palm oil contract lost 1.9%. Soyoil prices on the Chicago Board of Trade were up 0.6%, after a 2.1% slump in the previous session.
• Palm oil is affected by price movements in related oils as they compete for a share in the global vegetable oils market.
• Palm oil may test a resistance at 4,873 ringgit per tonne, a break above which could lead to a gain to 4,948 ringgit, Reuters technical analyst Wang Tao said.

https://www.brecorder.com/news/40139675/palm-falls-on-november-stocks-weaker-rival-oils