# Malaysian palm oil price rises to one-week high on bullish price forecast  | The Star

> Malaysian palm oil futures rose more than 1% to a one-week high on August 28. The gain followed a bullish price outlook from an analyst at a Kuala Lumpur industry conference. Overnight gains in CBOT soyoil also supported palm.

- Date: 2018-08-28 · published 2018-08-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/63641-malaysian-palm-oil-price-rises-to-one-week-high-on-bullish-price-forecast-the
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger soyoil and bullish analyst views support vegoil prices in the short term. Palm's direction tracks the soyoil complex and forecasts from the industry.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/08/29/palm-oil-rises-to-one-week-high-on-bullish-price-forecast/

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