# Malaysian palm oil price rebounds from 7-month low, tracking soyoil | The Star

> Malaysian palm oil futures rebounded on July 1 from a seven-month low, closing up 0.31% at 1,957 ringgit per tonne. Gains followed rival soyoil, but expected higher output and weak exports limited the rise, and palm fell 7% in the June quarter.

- Date: 2019-07-01 · published 2019-07-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/58177-malaysian-palm-oil-price-rebounds-from-7-month-low-tracking-soyoil-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Rising production expectations and weak exports cap palm oil prices despite short-term support from soyoil and crude oil.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bearish ▼

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/07/02/palm-oil-rebounds-from-7-month-low-tracking-gains-in-soyoil/

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