# Palm Oil News - CPO Price in Rotterdam Decreased

> Crude palm oil prices in Rotterdam fell on December 28, 2017, following a decline on the Malaysian exchange. A broker attributed the drop to profit-taking as a firmer ringgit made Malaysian palm oil more expensive for global buyers.

- Date: 2017-12-30 · published 2017-12-30T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/67565-palm-oil-news-cpo-price-in-rotterdam-decreased
- 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 Malaysian export prices and can dampen foreign demand, pressuring palm oil and the vegetable oil complex used in feed fats.

## Read by commodity

- USDMYR: bearish ▼
- PALMOIL: bearish ▼

## Sources

- en.infosawit.com: https://www.en.infosawit.com/news/6495/cpo-price-in-rotterdam-decreased

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