# Vegetable Oil - Markets - Business Recorder

> Malaysian palm oil futures moved in a narrow range over the week, with losses on concerns about high inventories and gains on stronger US soyoil and a weaker ringgit. Benchmark July contracts reversed and closed flat on April 24 after hitting a one-week low.

- Date: 2019-04-25 · published 2019-04-25T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/59679-vegetable-oil-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

This is routine price commentary with no new supply or demand cause, so it signals little change in the palm oil price trend beyond the soyoil and currency links.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Sources

- brecorder.com: https://www.brecorder.com/markets/vegetable-oil/8

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