# Crude Palm Oil Weekly Report – March 8, 2018 | Borneo Post Online

> Malaysian palm oil futures rose 0.5% to RM2,469 on Friday, reaching a seven-week high and ending their winning streaks. The move came despite pressure from US soybean oil and India's raised import tax. Malaysian palm oil exports were mixed in February, with ITS data showing a 5% rise for February 1-25 and SGS data showing a 11% monthly drop.

- Date: 2018-03-03 · published 2018-03-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/10365-crude-palm-oil-weekly-report-march-8-2018-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher Indian import duties reduce import demand for palm oil, while soyoil weakness in the US caps prices. Buyers of palm-based feed ingredients should expect mixed direction without a clear supply shock.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Sources

- theborneopost.com: https://www.theborneopost.com/2018/03/04/crude-palm-oil-weekly-report-march-8-2018/

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