# Malaysian palm oil price eases on trade war worries, ringgit strength | The Star

> Malaysian palm oil prices eased on trade war concerns and a stronger ringgit. A firmer ringgit makes the edible oil more expensive for foreign buyers.

- Date: 2019-05-08 · published 2019-05-08T12:00:00.000Z
- Category: trade · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6730-malaysian-palm-oil-price-eases-on-trade-war-worries-ringgit-strength-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A stronger ringgit lifts the cost of palm oil for importers, while trade war worries weigh on demand, leaving prices under pressure.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2019-05-06 | [Malaysian palm oil price falls for 7th day on fresh Sino-US trade tension \| The Star](https://feedsoft.ai/events/6729-malaysian-palm-oil-price-falls-for-7th-day-on-fresh-sino-us-trade-tension-the.md) | -1.1% | -0.2% |
| PALMOIL | 2018-05-03 | [Malaysian palm oil price slides to 16-month low on weak demand \| The Star](https://feedsoft.ai/events/6612-malaysian-palm-oil-price-slides-to-16-month-low-on-weak-demand-the-star.md) | +0.0% | +1.5% |
| PALMOIL | 2020-01-28 | [Malaysian palm oil price falls 10%, biggest fall in nearly 12 years \| The Star](https://feedsoft.ai/events/55178-malaysian-palm-oil-price-falls-10-biggest-fall-in-nearly-12-years-the-star.md) | -12.8% | -13.3% |
| PALMOIL | 2020-02-14 | [India's curbs on Malaysian palm imports stir up edible oil trade](https://feedsoft.ai/events/54691-india-s-curbs-on-malaysian-palm-imports-stir-up-edible-oil-trade.md) | -0.5% | -15.3% |
| PALMOIL | 2018-08-29 | [Malaysian palm prices need to fall to RM2,100 per tonne to regain exports \| The Star](https://feedsoft.ai/events/63637-malaysian-palm-prices-need-to-fall-to-rm2-100-per-tonne-to-regain-exports-the.md) | +1.7% | -1.6% |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2019/05/09/palm-eases-on-trade-war-worries-ringgit-strength/

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