# Prestasi Sawit Malaysia

> Malaysian palm oil futures rose in early trade on Monday, supported by gains in rival soyoil and cargo surveyor data showing July 1-15 shipments up 17.8% from a month earlier. The benchmark October contract traded at 2,554 ringgit per tonne, and a stronger ringgit was seen limiting upside.

- Date: 2017-07-18 · published 2017-07-18T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/70058-prestasi-sawit-malaysia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong export data and firm soyoil support palm prices, while a firmer ringgit makes palm dearer for foreign buyers and caps gains.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- prestasisawit.mpob.gov.my: https://prestasisawit.mpob.gov.my/en/palmnews/news/23579

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