# Palm oil jumps most in 11 months - Markets - Business Recorder

> Malaysian palm oil futures rose 4.76% on Tuesday, their biggest daily gain in 11 months, to reach 4,072 ringgit per tonne, the highest close since March 15. The move followed a 4.11% jump in Chicago soyoil futures.

- Date: 2021-04-27 · published 2021-04-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/47697-palm-oil-jumps-most-in-11-months-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm oil tracking soyoil higher raises vegetable oil costs for feed makers and supports fats and oilseed meal pricing across the complex.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-05-02 | 1 | +4.1% | 3.1 | Palm oil futures jumped 4.76% on 27 April, the biggest daily gain in 11 months, following a rally in Chicago soyoil; this shows the same momentum and a related price spike, though it falls a few days before the window. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40088386

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