# Palm oil gains - Newspaper - DAWN.COM

> Malaysian palm oil futures opened at their highest in nearly seven months and extended a run of gains, supported by strength in related edible oils. The April contract closed about 1.4% higher at 2,327 ringgit a tonne.

- Date: 2019-01-29 · published 2019-01-29T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/6966-palm-oil-gains-newspaper-dawn-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strength in soyoil and other edible oils spills over into palm oil, lifting its price and the cost of vegetable oil feed ingredients.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2019-02-07 | 5 | +5.2% | 2.9 | Futures rose to a near seven-month high on strength in related edible oils, with momentum that carried into the window. |
| PALMOIL | 2019-02-01 | 1 | +4.5% | 4.6 | Futures hit near seven-month highs on 2019-01-29 with a run of gains led by strength in related edible oils, indicating momentum that fed into the 1 February jump. |

## Sources

- dawn.com: https://www.dawn.com/news/1460502

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