# Palm oil prices slip, as soybean values edge up

> Palm oil export prices rose in late April per USDA data, with Indonesian and Malaysian quotes up $75 and $103 per tonne. Malaysian palm prices averaged 4,142 ringgit per tonne in April, but fell 12% over the month to end at 3,813 ringgit.

- Date: 2024-05-02 · published 2024-05-02T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/4567-palm-oil-prices-slip-as-soybean-values-edge-up
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybean Meal](https://feedsoft.ai/c/SBM.md), [Sunflower Meal](https://feedsoft.ai/c/SUNMEAL.md)

## Why it matters

Palm oil export prices rebounded from April lows while soybean oil and meal eased on ample global supply. Mixed moves across vegetable oils suggest limited direction for feed-related oil and meal costs.

## Read by commodity

- SBM: bearish ▼
- SBO: bearish ▼
- PALMOIL: neutral
- SUNMEAL: bearish ▼

## Sources

- megalac.com: https://www.megalac.com/market-report/palm-oil-prices-slip-as-soybean-values-edge-up-May24

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