# Crude Palm Oil Weekly Report – 7 October 2017 | Borneo Post Online

> Malaysian palm oil futures reversed two weeks of declines and rose 1.3% to RM2,732 on October 6, tracking stronger CBOT soyoil. Cargo surveyors reported September exports up about 10% month on month, with India and China expected to boost buying ahead of their festivals.

- Date: 2017-10-07 · published 2017-10-07T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/68567-crude-palm-oil-weekly-report-7-october-2017-borneo-post-online
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher export shipments and festival-driven buying support palm oil prices, while firmer soyoil also lends support.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- theborneopost.com: https://www.theborneopost.com/2017/10/08/crude-palm-oil-weekly-report-7-october-2017/

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