# Palm oil jumps nearly 5% to 12-wk highs on supply woes - Markets - Business Recorder

> Malaysian palm oil futures rose about 5% to a near 12-week high on Wednesday, extending a third straight session of gains. Demonstrations protesting Brazil's election results disrupted fuel distribution, meat production and grain and oilseed shipments to port. Soyoil and palm oil also gained on Dalian and Chicago.

- Date: 2022-11-02 · published 2022-11-02T12:00:00.000Z
- Category: logistics · region Brazil · magnitude medium
- Page: https://feedsoft.ai/events/8071-palm-oil-jumps-nearly-5-to-12-wk-highs-on-supply-woes-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Soybeans](https://feedsoft.ai/c/SOY.md), [Meat & Bone Meal](https://feedsoft.ai/c/MBM.md)

## Why it matters

Brazilian logistics disruption and Ukraine export-corridor risk tighten vegetable oil and feed supplies, supporting palm and soyoil prices and competing protein feed values.

## Read by commodity

- MBM: bullish ▲
- SBO: bullish ▲
- SOY: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2024-09-30 | [Palm Oil News - The Lack of Soyoil in Brazil Made Supply Crisis to Biodiesel Production](https://feedsoft.ai/events/28408-palm-oil-news-the-lack-of-soyoil-in-brazil-made-supply-crisis-to-biodiesel.md) | +9.1% | +9.7% |
| PALMOIL | 2024-02-29 | [Global supply shortfall, higher freight rates may raise edible oil prices](https://feedsoft.ai/events/9427-global-supply-shortfall-higher-freight-rates-may-raise-edible-oil-prices.md) | +4.9% | +8.8% |
| PALMOIL | 2020-06-24 | [Malaysian palm oil producers step up perks to retain foreign workers amid pandemic](https://feedsoft.ai/events/52733-malaysian-palm-oil-producers-step-up-perks-to-retain-foreign-workers-amid.md) | -1.0% | +5.7% |
| PALMOIL | 2021-09-30 | [Palm oil futures hit all-time high as China rushes to fill soy oil shortage \| S&P Global](https://feedsoft.ai/events/45163-palm-oil-futures-hit-all-time-high-as-china-rushes-to-fill-soy-oil-shortage-s.md) | +9.8% | +12.8% |
| PALMOIL | 2022-05-20 | [Recriminations fly as Indonesia resumes palm oil exports](https://feedsoft.ai/events/41502-recriminations-fly-as-indonesia-resumes-palm-oil-exports.md) | +2.6% | -7.0% |
| SBO | 2024-09-30 | [Palm Oil News - The Lack of Soyoil in Brazil Made Supply Crisis to Biodiesel Production](https://feedsoft.ai/events/28408-palm-oil-news-the-lack-of-soyoil-in-brazil-made-supply-crisis-to-biodiesel.md) | +0.5% | +2.2% |
| SBO | 2024-02-29 | [Global supply shortfall, higher freight rates may raise edible oil prices](https://feedsoft.ai/events/9427-global-supply-shortfall-higher-freight-rates-may-raise-edible-oil-prices.md) | +0.5% | +7.2% |
| SBO | 2026-01-23 | [Ukraine Sunflower Prices Hit Season Highs in 2025/2026 Marketing Year \| Межа](https://feedsoft.ai/events/12814-ukraine-sunflower-prices-hit-season-highs-in-2025-2026-marketing-year.md) | +2.6% | +9.0% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40206599

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