# Palm Oil Magazine - Palm Oil Prices on Malaysia Exchange Record Weekly Gains, Driven by Low Prices - Palm Oil Magazine

> The March 2025 Malaysian crude palm oil futures contract gained about 2.5% over the week to RM4,587 per ton on December 27. Gains were driven by bargain buying and a weaker ringgit, while weak export data and low year-end buying limited the rise. Soyoil and palm contracts also rose in China.

- Date: 2024-12-30 · published 2024-12-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/27046-palm-oil-magazine-palm-oil-prices-on-malaysia-exchange-record-weekly-gains
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Weekly gains reflect firm but range-bound palm oil prices, with a softer ringgit slightly improving export competitiveness for vegetable oil supplies.

## Read by commodity

- SBO: bullish ▲
- USDMYR: bullish ▲
- PALMOIL: bullish ▲

## Sources

- palmoilmagazine.com: https://www.palmoilmagazine.com/uncategorized/2024/12/30/palm-oil-prices-on-malaysia-exchange-record-weekly-gains-driven-by-low-prices/

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