# VEGOILS-Palm hits near 2-week top on stronger rival oils, exports

> Malaysian palm oil futures rose nearly 1% in early trade on April 2, a second straight session of gains, to 2,448 ringgit a tonne, the strongest since March 22. Gains were supported by stronger soyoil on CBOT and related oils on Dalian, plus firm export demand ahead of Ramadan.

- Date: 2018-04-02 · published 2018-04-02T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/65602-vegoils-palm-hits-near-2-week-top-on-stronger-rival-oils-exports
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger rival vegetable oils and steady Middle East demand lift palm oil prices, which feed into the broader edible oil complex that competes with soy-based feed inputs.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- reuters.com: https://www.reuters.com/article/world/us/vegoils-palm-hits-near-2-week-top-on-stronger-rival-oils-exports-idUSL4N1RF2B8/

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