# Palm oil posts over 3% weekly gains - Markets - Business Recorder

> Bursa Malaysia benchmark palm oil for January delivery rose 44 ringgit to 4,769 ringgit per metric ton at the close, and gained 3.85% over the week.

- Date: 2026-10-16 · published 2026-10-16T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/526-palm-oil-posts-over-3-weekly-gains-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Firmer palm oil futures tighten vegetable oil supply and support soybean oil and competing feed fats pricing.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40444555

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