# Malaysian palm oil price rises to one-month high on stronger related oils | The Star

> Malaysian palm oil futures rose about 1% on July 23 to a one-month high of 2,004 ringgit per tonne, recovering from earlier losses. The gain followed firmer related oils and a Malaysian July production increase smaller than expected.

- Date: 2019-07-23 · published 2019-07-23T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58174-malaysian-palm-oil-price-rises-to-one-month-high-on-stronger-related-oils-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Tighter-than-expected Malaysian output and stronger soyoil support palm prices, though the move is a modest rebound within a weak trend.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/07/24/palm-rises-to-one-month-high-on-stronger-related-oils/

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