# Palm hits 7-week high tracking soyoil; weak Feb exports weigh - Markets - Business Recorder

> Malaysian palm oil futures rose to a seven-week high on Monday, tracking gains in soyoil and rapeseed oil. Gains were capped by a 8.15% fall in February Malaysian palm product exports to 1 million tonnes.

- Date: 2021-03-01 · published 2021-03-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/48228-palm-hits-7-week-high-tracking-soyoil-weak-feb-exports-weigh-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rally in rival oilseeds lifts palm prices, while weaker exports limit upside. Indian buyers stepping up purchases ahead of Ramadan could support demand.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40069011

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