# Malaysian palm oil futures up - Markets - Business Recorder

> Malaysian palm oil futures closed higher for a third straight week, gaining 4.77% to the highest since June 2022. Industry analysts at a Bali conference projected prices near 5,000 ringgit per tonne through June 2025 on tight supply.

- Date: 2024-11-09 · published 2024-11-09T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/27496-malaysian-palm-oil-futures-up-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Indonesia's planned increase in the biodiesel palm content to 40% would absorb about 3 million tonnes of extra feedstock, tightening supply. This supports palm oil and competing vegetable oil prices.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40331617

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