# Ringgit Menguat, Harga CPO Alami Penurunan Lanjutan - Industry.co.id

> Malaysian crude palm oil for February 2018 delivery traded at 2,562 ringgit per tonne, extending a decline after a 0.6% fall the previous day. The ringgit strengthened 0.4% to 4.0525 per US dollar. Analyst Faisyal of Monex Investindo Futures attributed the drop to the stronger ringgit, which makes exports costlier.

- Date: 2017-12-05 · published 2017-12-05T12:00:00.000Z
- Category: macro · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/12718-ringgit-menguat-harga-cpo-alami-penurunan-lanjutan-industry-co-id
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit raises the ringgit price of exports and cuts Malaysian palm oil competitiveness, pressuring prices in dollar terms.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2017-12-07 | 5 | -5.1% | -2.8 | On Dec 5 February CPO extended its decline to 2,562 ringgit as a stronger ringgit made Malaysian palm oil costlier for foreign buyers, which is a currency and export-demand channel inside the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2016-11-21 | [Malaysia’s ringgit may keep tumbling amid the market's Trump tantrum](https://feedsoft.ai/events/74107-malaysia-s-ringgit-may-keep-tumbling-amid-the-market-s-trump-tantrum.md) | +1.4% | +6.6% |
| PALMOIL | 2024-06-28 | [Pengamat Ungkap Penyebab Rupiah Melemah: Pengaruh Kebijakan Amerika hingga Ketergantungan Impor](https://feedsoft.ai/events/30132-pengamat-ungkap-penyebab-rupiah-melemah-pengaruh-kebijakan-amerika-hingga.md) | +3.0% | +1.7% |
| PALMOIL | 2022-04-20 | [Ringgit touches near two-year low, Asian stocks track Wall St strength \| Malaysiakini](https://feedsoft.ai/events/42105-ringgit-touches-near-two-year-low-asian-stocks-track-wall-st-strength.md) | -1.5% | -2.9% |
| PALMOIL | 2022-11-29 | [Ringgit retreats to open lower against US dollar \| Malay Mail](https://feedsoft.ai/events/38931-ringgit-retreats-to-open-lower-against-us-dollar-malay-mail.md) | +1.1% | -0.4% |
| PALMOIL | 2024-12-23 | [Navigating The Volatility Of The Malaysian Ringgit Amid US Fed Policies - BusinessToday](https://feedsoft.ai/events/27224-navigating-the-volatility-of-the-malaysian-ringgit-amid-us-fed-policies.md) | +1.0% | -9.9% |

## Sources

- industry.co.id: https://www.industry.co.id/read/20846/ringgit-menguat-harga-cpo-alami-penurunan-lanjutan

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