# Palm oil prices rise amid optimism about demand for exports from Malaysia

> Vegetable oil prices rose over May 24-30, with palm oil up 74.0 USD to 893.0 USD/t for the week. Gains were attributed to firmer crude oil prices on the Dalian exchange and renewed optimism about Malaysian palm oil export demand.

- Date: 2024-06-04 · published 2024-06-04T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/8030-palm-oil-prices-rise-amid-optimism-about-demand-for-exports-from-malaysia
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Stronger crude and export demand support palm oil prices, which tighten the vegetable oil supply available as a feed ingredient and may lift the cost of competing oils.

## Read by commodity

- WTI: bullish ▲
- PALMOIL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/palm-oil-prices-rise-amid-optimism-about-demand-for-exports-from-malaysia/

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