# Palm oil firms on better-than-expected exports - Markets - Business Recorder

> Malaysian palm oil futures rose slightly on Thursday, with the February contract up 0.59% to 3,895 ringgit at the close. Better-than-expected November export volumes, estimated up 2% to 11% month on month, supported prices. A lack of fresh orders from importers limited gains.

- Date: 2023-11-30 · published 2023-11-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/33274-palm-oil-firms-on-better-than-expected-exports-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger export pace and restocking by China and India support near-term palm demand, while Indonesia's higher export duties and reference price lift the floor for Asian palm prices. Thin new buying keeps the upside limited.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40276014

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