# Palm oil ticks higher from 8-week low, Omicron worries linger 01.12.2021 - UkrAgroConsult

> Malaysian palm oil futures rose 0.49% on December 1, 2021, recovering from an eight-week low as broader markets rebounded. Malaysian palm oil exports for November rose 13.8% from October, per SGS. Oil prices clawed back some losses as producers discussed responding to Omicron-related fuel demand threats.

- Date: 2021-12-01 · published 2021-12-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/5261-palm-oil-ticks-higher-from-8-week-low-omicron-worries-linger-01-12-2021
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher November exports support palm demand, and firmer crude makes palm more attractive for biodiesel. Lingering Omicron fears limit the rebound, leaving prices range-bound.

## Read by commodity

- SBO: neutral
- WTI: neutral
- BRENT: neutral
- PALMOIL: neutral

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/palm-oil-ticks-higher-from-8-week-low-omicron-worries-linger/

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