# Palm rises over 1% on bargain buying but still heads for weekly loss - Markets - Business Recorder

> Malaysian palm oil futures rose more than 1% on Friday on bargain buying and gains in Dalian palm olein and Chicago soyoil, though the benchmark was still set for a first weekly loss in four weeks. The January contract gained 53 ringgit to 4,669 ringgit a ton by midday.

- Date: 2026-10-30 · published 2026-10-30T10:05:27.313Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/2060-palm-rises-over-1-on-bargain-buying-but-still-heads-for-weekly-loss-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Firmer rival edible oil prices support palm oil, but the weekly decline of about 3.9% shows underlying pressure from ample supply and stocks.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40446665/palm-rises-over-1-on-bargain-buying-but-still-heads-for-weekly-loss

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