# Palm oil tracks Dalian rivals higher - Markets - Business Recorder

> Malaysian palm oil futures edged up 0.17% to 4,222 ringgit a ton on Feb 4, tracking gains in Dalian vegetable oils after two sessions of declines. A Reuters survey showed Malaysian end-January stocks were expected to fall, ending a 10-month rise, as exports jumped. India's January palm oil imports rose 51% to a four-month high as refiners bought at a discount to soyoil.

- Date: 2026-02-04 · published 2026-02-04T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/4663-palm-oil-tracks-dalian-rivals-higher-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Expected stock declines and strong Indian buying tighten the near-term palm supply picture and support prices. Palm's discount to soyoil is pulling demand away from soyoil, which keeps the vegetable oil complex supported.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2026-02-04 | 5 | +5.4% | 3.1 | Palm tracked Dalian higher, with a Reuters survey showing Malaysian stocks falling for the first time in 10 months as exports jumped, which is a bullish supply/demand signal. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2021-01-05 | [Palm oil hits 10-year high - Markets - Business Recorder](https://feedsoft.ai/events/4999-palm-oil-hits-10-year-high-markets-business-recorder.md) | +1.3% | -10.0% |
| PALMOIL | 2023-07-03 | [Palm oil ends more than 5pc higher on supply worries - Markets - Business Recorder](https://feedsoft.ai/events/6544-palm-oil-ends-more-than-5pc-higher-on-supply-worries-markets-business-recorder.md) | +10.3% | +12.9% |
| PALMOIL | 2020-08-12 | [Palm oil reverses early losses - Markets - Business Recorder](https://feedsoft.ai/events/51736-palm-oil-reverses-early-losses-markets-business-recorder.md) | +2.4% | +6.5% |
| PALMOIL | 2021-01-05 | [Malaysian palm oil stocks forecast lower, keeping prices high in 2021 - Markets - Business Recorder](https://feedsoft.ai/events/4995-malaysian-palm-oil-stocks-forecast-lower-keeping-prices-high-in-2021-markets.md) | +1.3% | -10.0% |
| PALMOIL | 2021-03-25 | [Indonesia’s end-2021 palm oil stocks seen plunging - Markets - Business Recorder](https://feedsoft.ai/events/47981-indonesia-s-end-2021-palm-oil-stocks-seen-plunging-markets-business-recorder.md) | -1.3% | -1.8% |
| SBO | 2022-04-03 | [Malaysian palm oil set for weekly loss as rival soyoil drops - Markets - Business Recorder](https://feedsoft.ai/events/5915-malaysian-palm-oil-set-for-weekly-loss-as-rival-soyoil-drops-markets-business.md) | +272.9% | +265.3% |
| SBO | 2023-07-13 | [Palm oil falls over 2% on higher global edible oils output forecast - Markets - Business Recorder](https://feedsoft.ai/events/35140-palm-oil-falls-over-2-on-higher-global-edible-oils-output-forecast-markets.md) | -2.4% | -2.6% |
| SBO | 2026-05-08 | [Record Oilseed Output Reshapes Market Balance and Pressures Margins](https://feedsoft.ai/events/19373-record-oilseed-output-reshapes-market-balance-and-pressures-margins.md) | -2.6% | -2.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40405647

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