# Palm oil closes at over one-week high on global supply worries - Markets - Business Recorder

> Malaysian palm oil futures closed at a one-week high on concerns about tight global edible oil supply, though weak August exports and a firmer ringgit limited gains. Indonesia may delay its B40 biodiesel plan because high palm prices make the program too costly.

- Date: 2021-08-26 · published 2021-08-26T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/45657-palm-oil-closes-at-over-one-week-high-on-global-supply-worries-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Global edible oil tightness and a possible delay to Indonesia's B40 mandate leave palm prices supported but sensitive to demand from biodiesel, which affects soybean oil and meal balances.

## Read by commodity

- SBO: neutral
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40115918

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