# Palm closes at near 8-week low on weaker related oils | The Star

> Malaysian palm oil futures fell 0.7% on Monday to their lowest close in nearly eight weeks. The December contract settled at 2,134 ringgit per tonne, with weaker Chinese soyoil prices dragging the market lower.

- Date: 2019-09-30 · published 2019-09-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/57177-palm-closes-at-near-8-week-low-on-weaker-related-oils-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Lower soyoil prices in China pulled palm oil down, which eases vegetable oil costs for feed buyers in the near term.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/10/01/palm-closes-at-near-8-week-low-on-weaker-related-oils

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