# Malaysian palm oil price edges up from 3-year low, but inventories weigh | The Star

> Malaysian palm oil futures rose from a more than three-year low on Wednesday, helped by a weaker ringgit. The benchmark touched its lowest since August 2015 a day earlier, falling 4.4 percent over three sessions to Tuesday.

- Date: 2018-11-28 · published 2018-11-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62142-malaysian-palm-oil-price-edges-up-from-3-year-low-but-inventories-weigh-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Soft demand and high inventories continue to pressure palm oil prices, and a weaker ringgit provides only a brief lift to ringgit-denominated futures. Palm oil remains weighed down by surplus supply.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: neutral

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/11/29/palm-edges-up-from-3-year-low-but-inventories-weigh/

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