
Malaysian palm oil futures closed higher on Friday, with the December Bursa Malaysia contract rising 2.94% to 4,305 ringgit a metric ton and recording a weekly gain of 6.27%, the largest since June 2023. The rally followed a widening Middle East conflict that lifted crude oil prices.
Soyoil in Chicago also rose slightly.
Higher crude oil makes palm oil more attractive as a biodiesel feedstock, pulling demand and pushing prices up. Palm also traded at a premium to soyoil and sunflower oil, supporting the wider vegetable oil complex used in feed fats.
Tras 62 eventos alcista de geopolítica pasados, Aceite de palma se movió una mediana de +2,5 % en 5 sesiones (74% al alza; mitad central entre -0,1 % y +5,8 %), y +4,0 % en 20.
Tras 110 eventos alcista de geopolítica pasados, Aceite de soja se movió una mediana de +1,8 % en 5 sesiones (65% al alza; mitad central entre -0,7 % y +3,6 %), y -0,4 % en 20.
Tras 626 eventos alcista de geopolítica pasados, Petróleo crudo (WTI) se movió una mediana de +2,1 % en 5 sesiones (62% al alza; mitad central entre -2,3 % y +8,5 %), y +1,6 % en 20.
Tras 656 eventos alcista de geopolítica pasados, Petróleo crudo (Brent) se movió una mediana de +1,9 % en 5 sesiones (63% al alza; mitad central entre -2,7 % y +6,6 %), y +0,7 % en 20.
Variaciones de la referencia de cada materia prima desde el último cierre antes del evento. Las lecturas históricas agrupan eventos pasados del mismo tipo; describen lo ocurrido, no lo que ocurrirá. No es asesoramiento de inversión.
Palm posted its largest weekly gain in 16 months (6.27%) as the widening Middle East conflict lifted crude oil, which strengthens palm's biodiesel and energy-linked demand, directly covering most of the move window.
Oct 4 palm surge of 2.94% and a 6.27% weekly gain, the largest since June 2023, on Middle East conflict lifting crude oil, directly matches the 5-day move.
Describes the widening Middle East conflict lifting crude oil during the week of Oct 4, confirming the sustained geopolitical driver, though it is palm-focused and a downstream indicator of the crude move.