# Malaysian palm oil rise 1.4% on production, strong exports – Customs Today Newspaper

> Malaysian palm oil futures for March delivery rose 1.4% on Bursa Malaysia to 3,071 ringgit per tonne. Data showed January production fell 21.8% and January exports rose 8.1% to 1.17 million tonnes.

- Date: 2017-02-03 · published 2017-02-03T12:00:00.000Z
- Category: report · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/12322-malaysian-palm-oil-rise-1-4-on-production-strong-exports-customs-today-newspaper
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Malaysian output and firmer exports tighten near-term palm oil supply, supporting prices. A weaker ringgit also adds support by making palm oil more attractive to foreign buyers.

## Read by commodity

- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-11-13 | [Palm Oil News - CPO Gets More Expensive: Malaysian Production Decreased](https://feedsoft.ai/events/15867-palm-oil-news-cpo-gets-more-expensive-malaysian-production-decreased.md) | +2.4% | -4.6% |
| PALMOIL | 2019-11-01 | [Malaysian palm oil production to drop slightly in 2020, pushing the price upward, says expert \| Malay Mail](https://feedsoft.ai/events/4290-malaysian-palm-oil-production-to-drop-slightly-in-2020-pushing-the-price-upward.md) | +12.8% | +16.7% |
| PALMOIL | 2022-12-07 | [Indonesia's palm oil exports to hit record high, despite production shortfall - Grain Price News](https://feedsoft.ai/events/15771-indonesia-s-palm-oil-exports-to-hit-record-high-despite-production-shortfall.md) | -4.9% | -0.3% |
| PALMOIL | 2024-11-05 | [Malaysia’s end-October palm oil stocks fall on lower output, higher exports](https://feedsoft.ai/events/8039-malaysia-s-end-october-palm-oil-stocks-fall-on-lower-output-higher-exports.md) | +4.0% | +0.3% |
| PALMOIL | 2022-01-12 | [Palm oil imports to dip in 2021-22 on lower Malaysia exports, converging vegoil prices: US FAS](https://feedsoft.ai/events/43229-palm-oil-imports-to-dip-in-2021-22-on-lower-malaysia-exports-converging-vegoil.md) | +2.6% | +11.7% |

## Sources

- customstoday.media: https://customstoday.media/malaysian-palm-oil-rose-1-4-on-production-strong-exports/

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