# Palm oil prices hit 30-month high on Malaysian output concern - Nikkei Asia

> International palm oil prices reached a 2.5-year high on concerns about Malaysian production declines, higher Indonesian export tariffs and speculative inflows. Indonesia raised its benchmark reference price and export tariffs this month. The rally reflects both supply and policy factors.

- Date: 2024-12-06 · published 2024-12-06T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/27043-palm-oil-prices-hit-30-month-high-on-malaysian-output-concern-nikkei-asia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

A multi-year high in palm oil lifts vegetable oil costs and encourages substitution toward soy oil and other fats in feed rations.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- asia.nikkei.com: https://asia.nikkei.com/business/markets/commodities/palm-oil-prices-hit-30-month-high-on-malaysian-output-concern

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