# Palm oil touches near seven-month high tracking stronger soyoil - Markets - Business Recorder

> Malaysian palm oil futures rose as much as 3.2% on Sept. 1 to their highest in nearly seven months, tracking stronger soyoil and Dalian prices. Hopes of Indian buying ahead of Diwali also supported the market, though Malaysian August exports fell 13-15%.

- Date: 2020-09-01 · published 2020-09-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/51201-palm-oil-touches-near-seven-month-high-tracking-stronger-soyoil-markets
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger soyoil and expected Indian restocking support palm demand, although weaker exports signal some demand softness that caps gains.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40015679

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