# Emerging markets' currency slump to help soft commodities, with palm oil the top pick: Analyst

> Analyst Nirgunan Tiruchelvam of Religare Capital Markets said emerging-market currency weakness after Trump's election win will boost soft commodities such as palm oil and rubber. Local-currency producers gain as dollar-priced commodities translate into higher domestic revenues. The rupiah and ringgit both fell sharply against the dollar in the days after the vote.

- Date: 2016-11-15 · published 2016-11-15T12:00:00.000Z
- Category: macro · region Global · magnitude low
- Page: https://feedsoft.ai/events/73941-emerging-markets-currency-slump-to-help-soft-commodities-with-palm-oil-the-top
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

Weaker producer currencies make palm oil more competitive and raise local-currency prices, supporting palm-based feed ingredient prices.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2018-02-28 | [Palm oil rises to seven-week top on weaker ringgit \| The Star](https://feedsoft.ai/events/10366-palm-oil-rises-to-seven-week-top-on-weaker-ringgit-the-star.md) | -0.9% | -2.6% |
| PALMOIL | 2021-05-27 | [Supercharged commodities may rescue ringgit hit by Covid surge » The Capital Post](https://feedsoft.ai/events/47364-supercharged-commodities-may-rescue-ringgit-hit-by-covid-surge-the-capital-post.md) | -1.6% | -13.2% |
| PALMOIL | 2026-03-06 | [Palm oil prices rise 4% as higher energy costs lift biofuel spread margins \| S&P Global](https://feedsoft.ai/events/20269-palm-oil-prices-rise-4-as-higher-energy-costs-lift-biofuel-spread-margins-s-and.md) | +6.0% | +11.5% |
| PALMOIL | 2023-04-03 | [Palm posts biggest jump in two months after crude oil rally - Markets - Business Recorder](https://feedsoft.ai/events/36512-palm-posts-biggest-jump-in-two-months-after-crude-oil-rally-markets-business.md) | -2.6% | -15.2% |
| PALMOIL | 2022-01-02 | [Palm oil prices to stay high as fertiliser costs limit output, says CPOPC \| The Star](https://feedsoft.ai/events/43231-palm-oil-prices-to-stay-high-as-fertiliser-costs-limit-output-says-cpopc-the.md) | +5.7% | +12.1% |

## Sources

- cnbc.com: https://www.cnbc.com/2016/11/14/emerging-markets-currency-slump-to-help-soft-commodities-with-palm-oil-the-top-pick-analyst.html

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