# Malaysian palm oil price rises on weaker ringgit, improved demand | The Star

> Malaysian palm oil futures rose for a second session on Monday. The ringgit fell 0.5 percent to 4.1270 against the dollar, its weakest since Nov. 22, and demand prospects improved.

- Date: 2018-09-03 · published 2018-09-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/7644-malaysian-palm-oil-price-rises-on-weaker-ringgit-improved-demand-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md)

## Why it matters

A weaker ringgit makes palm oil cheaper for buyers holding other currencies, which supports export demand and lifts futures prices.

## Read by commodity

- USDMYR: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-09-03 | 1 | +2.2% | 4.4 | Directly reports palm futures rising on Sept 3 as the ringgit hit its weakest since November (making palm cheaper for foreign buyers) and demand prospects improved. |
| PALMOIL | 2018-09-04 | 1 | +2.2% | 4.2 | Weaker ringgit (weakest since Nov) and improved demand lifted futures on Monday, setting up the momentum and currency tailwind that carried into Tuesday. |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/09/04/palm-oil-rises-on-weaker-ringgit-improved-demand/

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