# Malaysian palm oil price hits 1-month low on weaker related oils | The Star

> Malaysian palm oil futures extended losses on Monday to a one-month low, closing down 0.47% at 2,109 ringgit a tonne after touching 2,099 ringgit. The decline followed weaker related vegetable oils and crude oil.

- Date: 2019-04-29 · published 2019-04-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6148-malaysian-palm-oil-price-hits-1-month-low-on-weaker-related-oils-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Weaker crude and vegetable oil prices reduce the energy and substitution support for palm oil, pressuring feed fat costs. The move is small and reflects routine market trading.

## Read by commodity

- WTI: bearish ▼
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-05-05 | 5 | -9.0% | -4.8 | April 29 one-month low on weaker related vegetable oils and crude oil began the slide in the window. |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/04/30/palm-hits-1-month-low-on-weaker-related-oils/

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