# Palm oil rebounds on bargain-buying - Markets - Business Recorder

> Malaysian palm oil rose 0.82% to 3,955 ringgit a tonne on Tuesday, recovering part of a 2% loss from the previous three sessions. Traders bought on bargains and on firmer soyoil on Dalian. Traders were also waiting for Malaysia's February 1-15 export data.

- Date: 2023-02-15 · published 2023-02-15T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/37447-palm-oil-rebounds-on-bargain-buying-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

The move is a routine rebound with no new supply or demand change, so it adds little to the medium-term price outlook. Buyers should look to the export data for a clearer direction.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40226331

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