# Palm oil hits 10-year high - Markets - Business Recorder

> Malaysian palm oil futures rose to their highest since February 2011 after a Reuters survey showed December stockpiles falling to a 13-year low. The March contract closed up 0.86% at 3,756 ringgit a tonne. Indonesia also reported biodiesel output for January to November 2020.

- Date: 2021-01-05 · published 2021-01-05T12:00:00.000Z
- Category: report · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/4999-palm-oil-hits-10-year-high-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower Malaysian inventories and steady biodiesel demand keep palm oil supply tight, supporting prices for vegetable oil and feed fat buyers.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2021-01-06 | 5 | +11.7% | 2.8 | Palm futures hit a 10-year high on Jan 5 after a Reuters survey showed December stocks at a 13-year low, a direct supply-tightness driver within the window. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-02-04 | [Palm oil tracks Dalian rivals higher - Markets - Business Recorder](https://feedsoft.ai/events/4663-palm-oil-tracks-dalian-rivals-higher-markets-business-recorder.md) | -1.6% | -0.6% |
| 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 | 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 | 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% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40048030

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