# Ringgit Lesu, Harga CPO Tembus Level Tertinggi Baru

> Malaysian palm oil (CPO) futures for February 2017 delivery rose 1.48 percent to 3,077 ringgit per tonne, the highest since August 2012 and up 24 percent for the year. The ringgit weakened to 4.46 per dollar, and October Malaysian stocks rose slightly to 1.57 million tonnes.

- Date: 2016-11-28 · published 2016-11-28T12:00:00.000Z
- Category: macro · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/10931-ringgit-lesu-harga-cpo-tembus-level-tertinggi-baru
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit makes Malaysian palm oil cheaper in dollar terms and supports export demand, while the stock build is modest. Analysts expect the rally to continue into early 2017, supporting vegetable oil prices.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-12-31 | [Ringgit, CPO bounce back, but not equity market](https://feedsoft.ai/events/55828-ringgit-cpo-bounce-back-but-not-equity-market.md) | +6.5% | +3.0% |
| PALMOIL | 2020-07-01 | [Ringgit could hit 4.00 by year-end](https://feedsoft.ai/events/52378-ringgit-could-hit-4-00-by-year-end.md) | +0.6% | +7.0% |
| PALMOIL | 2022-02-28 | [Ringgit could be more well-positioned in the medium term](https://feedsoft.ai/events/42960-ringgit-could-be-more-well-positioned-in-the-medium-term.md) | +9.2% | +9.9% |
| PALMOIL | 2021-05-27 | [Supercharged commodities may rescue ringgit hit by Covid surge » The Capital Post](https://feedsoft.ai/events/47364-supercharged-commodities-may-rescue-ringgit-hit-by-covid-surge-the-capital-post.md) | -1.6% | -13.2% |
| PALMOIL | 2026-04-30 | [Ringgit closes lower on volatile oil prices \| The Star](https://feedsoft.ai/events/19961-ringgit-closes-lower-on-volatile-oil-prices-the-star.md) | +0.5% | -1.1% |

## Sources

- market.bisnis.com: https://market.bisnis.com/read/20161128/94/607038/ringgit-lesu-harga-cpo-tembus-level-tertinggi-baru

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