# Prestasi Sawit Malaysia

> Malaysian palm oil futures ended July 2019 with their first monthly gain since January, closing near a seven-week high of about 2,070 ringgit a tonne. Support came from cargo surveyor data showing July exports rose between 1.6% and 5.1% from June. Analysts also forecast a second-half price recovery.

- Date: 2019-07-31 · published 2019-07-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6467-prestasi-sawit-malaysia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Stronger export shipments reduce Malaysian stocks and support futures, which points to firmer palm oil prices in the near term.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-08-01 | 1 | +3.6% | 5.0 | Futures closed July near a seven-week high on stronger export data and a bullish second-half outlook, a demand and sentiment push that carried momentum into the move ending Aug 1. |
| PALMOIL | 2019-07-31 | 1 | +3.6% | 6.7 | July exports rose 1.6-5.1% from June per cargo surveyors, and futures closed at a seven-week high on 31 July, so this directly describes the demand-driven move. |

## Sources

- prestasisawit.mpob.gov.my: https://prestasisawit.mpob.gov.my/en/palmnews/news/28102

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