# Palm rises for second session on stronger rival oils - Markets - Business Recorder

> Malaysian palm oil futures rose for a second session, supported by a recovery in Dalian vegetable oils and crude oil. The benchmark November contract gained 0.89% to 3,759 ringgit per tonne after a seven-session losing streak.

- Date: 2023-09-14 · published 2023-09-14T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/34222-palm-rises-for-second-session-on-stronger-rival-oils-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Firmer energy and rival oil prices support palm through biofuel demand expectations, though the gain is modest.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40263211

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