# Major commodities ride through obstacles in 2019 | Borneo Post Online

> The Borneo Post reviews how the US-China trade dispute affected Malaysian commodities in 2019. China bought 1.89 million tonnes of palm oil from January to October, up from 1.42 million a year earlier, as it shifted purchases away from US soybeans. Palm oil prices rallied to a two-year high of RM2,850 per tonne on December 6 after falling to a four-year low in July, and the US halted new tariffs on December 13 in exchange for Chinese soybean and poultry purchase commitments.

- Date: 2019-12-15 · published 2019-12-15T12:00:00.000Z
- Category: trade · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/10022-major-commodities-ride-through-obstacles-in-2019-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybeans](https://feedsoft.ai/c/SOY.md)

## Why it matters

Chinese demand for palm oil and the new US-China commitments to buy soybeans both affect vegetable oil and oilseed prices. The planned US soybean purchases could support soybean prices into 2020.

## Read by commodity

- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-07-29 | [Demand for M’sian palm oil rises \| Borneo Post Online](https://feedsoft.ai/events/6470-demand-for-m-sian-palm-oil-rises-borneo-post-online.md) | +3.1% | +8.5% |
| PALMOIL | 2020-08-07 | [Countries likely to restock CPO amidst fear of second wave \| Borneo Post Online](https://feedsoft.ai/events/51470-countries-likely-to-restock-cpo-amidst-fear-of-second-wave-borneo-post-online.md) | -1.6% | +5.9% |
| PALMOIL | 2018-10-31 | [China to buy more vegoils and animal feed meals in coming weeks \| Agrifish  \| POST Online Media](https://feedsoft.ai/events/62632-china-to-buy-more-vegoils-and-animal-feed-meals-in-coming-weeks-agrifish-post.md) | -3.7% | -8.1% |
| PALMOIL | 2022-07-01 | [Humble rice bran becomes hot commodity as India scours for edible oils](https://feedsoft.ai/events/41016-humble-rice-bran-becomes-hot-commodity-as-india-scours-for-edible-oils.md) | -24.3% | -29.0% |
| PALMOIL | 2020-11-11 | [Chinese demand for agricultural commodities continues to support global prices: Grain Market Daily \| AHDB](https://feedsoft.ai/events/12425-chinese-demand-for-agricultural-commodities-continues-to-support-global-prices.md) | +2.4% | +5.7% |
| SOY | 2021-08-18 | [Doud projects high commodity prices through harvest 2022](https://feedsoft.ai/events/45419-doud-projects-high-commodity-prices-through-harvest-2022.md) | -2.3% | -5.4% |
| SOY | 2019-02-22 | [WCU Commodities ride high as trade talks continue to dominate the agenda \| Saxo](https://feedsoft.ai/events/11848-wcu-commodities-ride-high-as-trade-talks-continue-to-dominate-the-agenda-saxo.md) | -1.5% | -0.1% |
| SOY | 2019-09-13 | [WASDE Report Raises Grain Prices - Inside Grains & Commodity \| Boerenbusiness. Nl](https://feedsoft.ai/events/9895-wasde-report-raises-grain-prices-inside-grains-and-commodity-boerenbusiness-nl.md) | +1.1% | +4.6% |

## Sources

- theborneopost.com: https://www.theborneopost.com/2019/12/16/major-commodities-ride-through-obstacles-in-2019/

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