# Palm oil recovers - Newspaper - DAWN.COM

> Malaysian palm oil futures edged up on Monday, snapping two sessions of declines, supported by gains in US soyoil and a weaker ringgit. The January Bursa Malaysia contract rose 0.6% to 2,237 ringgit a tonne, with the ringgit at its weakest since November 2017.

- Date: 2018-10-23 · published 2018-10-23T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/62637-palm-oil-recovers-newspaper-dawn-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm oil tracks competing vegetable oils and currency moves, so firmer soyoil and a weaker ringgit lift Malaysian palm prices, supporting feed-fat costs modestly.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- dawn.com: https://www.dawn.com/news/1440776

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