# Palm oil rises over 1pc tracking soyoil, improving exports - Markets - Business Recorder

> Malaysian palm oil futures rose over 1% to 3,790 ringgit per tonne, supported by stronger soyoil and rising exports. Signs of low inventory and surging cash market prices also boosted sentiment.

- Date: 2021-04-06 · published 2021-04-06T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/47698-palm-oil-rises-over-1pc-tracking-soyoil-improving-exports-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tight Malaysian supply and firmer soyoil support vegetable oil prices, keeping feed fat costs elevated.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40081439

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