# Malaysian palm oil pricerises anticipating lower output growth, gains in soyoil | The Star

> Malaysian palm oil futures rose on Friday, tracking soyoil and expectations of a small rise in output. Gains were capped by a fall in May exports. The August contract closed up 0.41% at 2,439 ringgit a tonne.

- Date: 2018-06-01 · published 2018-06-01T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/64635-malaysian-palm-oil-pricerises-anticipating-lower-output-growth-gains-in-soyoil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expectations of rising output limit palm gains, so the move reflects routine trading rather than a major supply change. Feed buyers should see little change in vegetable oil costs from this move.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/06/02/palm-rises-anticipating-lower-output-growth-gains-in-soyoil/

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