# Palm oil heads for sixth straight weekly gain 30.07.2021 - UkrAgroConsult

> Malaysian palm oil prices edged up on July 30 to 4,429 ringgit a tonne in early trade, on track for a sixth straight weekly gain. Gains were limited by weaker Chicago soyoil, while the market was supported by stronger soyoil earlier in the week and production concerns.

- Date: 2021-07-30 · published 2021-07-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/46164-palm-oil-heads-for-sixth-straight-weekly-gain-30-07-2021-ukragroconsult
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Persistent weekly gains reflect tight palm supply expectations, but softer soyoil is capping upside and could limit further increases in vegetable oil feed input costs.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/palm-oil-heads-for-sixth-straight-weekly-gain/

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