# Palmolein oil rises on good demand, global cues

> Palmolein oil prices in India firmed by Rs 50 per quintal on pickup in demand from vanaspati millers. Benchmark Malaysian palm oil for November rose 1.8 percent to 2,298 ringgit a tonne on Bursa Malaysia.

- Date: 2018-09-05 · published 2018-09-05T12:00:00.000Z
- Category: market · region India · magnitude low
- Page: https://feedsoft.ai/events/7649-palmolein-oil-rises-on-good-demand-global-cues
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Strong domestic edible oil demand and firm overseas benchmarks push palm oil import costs higher, supporting prices.

## Read by commodity

- PALMOIL: bullish ▲

## Sources

- business-standard.com: https://www.business-standard.com/article/pti-stories/palmolein-oil-rises-on-good-demand-global-cues-118090500443_1.html

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