# Malaysian palm oil up - Markets - Business Recorder

> Malaysian palm oil futures rose on hot weather in Malaysia, strong export data and firmer rival oils. The July contract closed up 25 ringgit at 3,969 ringgit per ton, and Indonesian exports are expected to recover in April.

- Date: 2024-04-22 · published 2024-04-22T12:00:00.000Z
- Category: weather · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/15656-malaysian-palm-oil-up-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Hot weather can reduce palm yields, and stronger soyoil and crude prices support biodiesel feedstock demand. Both factors lift palm oil prices.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-01-04 | [Malaysian palm oil futures climb - Markets - Business Recorder](https://feedsoft.ai/events/5001-malaysian-palm-oil-futures-climb-markets-business-recorder.md) | +10.0% | -0.2% |
| PALMOIL | 2020-10-06 | [Palm oil jumps over 3pc - Markets - Business Recorder](https://feedsoft.ai/events/50743-palm-oil-jumps-over-3pc-markets-business-recorder.md) | +7.8% | +8.5% |
| PALMOIL | 2026-07-23 | [Malaysian palm oil closes higher on supply squeeze concerns - Markets - Business Recorder](https://feedsoft.ai/events/18444-malaysian-palm-oil-closes-higher-on-supply-squeeze-concerns-markets-business.md) | +0.4% | +4.5% |
| PALMOIL | 2024-12-03 | [Palm oil rises on Malaysia floods, higher Indonesian export tax - Markets - Business Recorder](https://feedsoft.ai/events/27044-palm-oil-rises-on-malaysia-floods-higher-indonesian-export-tax-markets-business.md) | +3.9% | -2.2% |
| PALMOIL | 2021-06-02 | [Palm oil climbs 5pc, hits two-week high - Markets - Business Recorder](https://feedsoft.ai/events/6356-palm-oil-climbs-5pc-hits-two-week-high-markets-business-recorder.md) | +4.3% | -5.7% |
| WTI | 2026-04-22 | [Chicago soy rises as oil prices climb, rain forecast threatens Midwest planting - Markets - Business Recorder](https://feedsoft.ai/events/19752-chicago-soy-rises-as-oil-prices-climb-rain-forecast-threatens-midwest-planting.md) | +9.8% | +18.8% |
| WTI | 2021-02-12 | [Arctic Blast Grips U.S., Upending Markets, Setting Records - Bloomberg](https://feedsoft.ai/events/5583-arctic-blast-grips-u-s-upending-markets-setting-records-bloomberg.md) | +1.6% | +12.7% |
| WTI | 2021-08-30 | [Ida update: oil markets open higher; ALAN gives guidance - FreightWaves](https://feedsoft.ai/events/45745-ida-update-oil-markets-open-higher-alan-gives-guidance-freightwaves.md) | +0.8% | +9.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40299824
- brecorder.com: https://www.brecorder.com/news/40299966

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