# Malaysian palm oil price recovers from near four-month low  | The Star

> Malaysian palm oil futures recovered late in the session, tracking stronger soyoil prices after touching a near four-month low earlier. The May contract ended 0.6 percent higher at 2,770 ringgit per tonne.

- Date: 2017-02-28 · published 2017-02-28T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/7065-malaysian-palm-oil-price-recovers-from-near-four-month-low-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Soyoil strength provided a short-term rebound in palm, but the contract remains near multi-month lows. Price direction stays tied to soyoil and Malaysian supply expectations.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2017/03/01/palm-recovers-from-near-four-month-low/

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