# Palm oil gains - Newspaper - DAWN.COM

> Malaysian palm oil futures extended gains to their highest in nearly three and a half months, tracking US soybean oil on the CBOT and related oils on China's Dalian exchange. The October contract rose 2.1% to 2,179 ringgit a tonne and gained 5.7% for the week.

- Date: 2019-08-10 · published 2019-08-10T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/11477-palm-oil-gains-newspaper-dawn-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm oil is moving with soybean oil and Dalian oils, so firmer vegetable oil prices raise the cost of oil-based feed ingredients and support soybean oil values.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| SBO | 2019-08-11 | 5 | +7.9% | 3.7 | Palm oil rallied 5.7% on the week to a 3.5-month high while tracking CBOT soybean oil, confirming a strong soyoil rally and supportive vegoil sentiment. |

## Sources

- dawn.com: https://www.dawn.com/news/1499090

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