# Prestasi Sawit Malaysia

> Reuters reported Rotterdam vegetable oil quotes for February 24, 2017, with soyoil EU degummed down $10 to 775 euros per tonne for February delivery. Rapeoil, sunoil and crude palm oil were also listed, with palm oil futures mostly lower across contract months. Prices were quoted for both nearby and deferred delivery.

- Date: 2017-02-24 · published 2017-02-24T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/7826-prestasi-sawit-malaysia
- Commodities: [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Lower vegetable oil quotes point to ample near-term supply, which weighs on soyoil and palm oil prices. Palm oil and soyoil compete for the same edible and feed-fat buyers, so their moves tend to track each other.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- prestasisawit.mpob.gov.my: https://prestasisawit.mpob.gov.my/en/palmnews/news/22670

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