# Palm oil hits over three-week high on stronger Indonesian demand outlook - Markets - Business Recorder

> Malaysian palm oil futures rose for a fourth session on Monday to a three-week high of 3,886 ringgit per tonne. Support came from prospects of stronger Indonesian demand, while Malaysian palm product exports for August 1-25 fell 14.9% from July.

- Date: 2024-08-26 · published 2024-08-26T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/28873-palm-oil-hits-over-three-week-high-on-stronger-indonesian-demand-outlook
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Indonesian biodiesel demand expectations support palm prices, but weaker Malaysian export shipments limit gains as supply is available.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40319307

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