# Malaysian palm oil hits one-month high on strong export prospects | The Star

> Malaysian palm oil futures rose over 1 percent before paring gains. The March contract on Bursa Malaysia hit a one-month high of 2,615 ringgit per tonne before settling 0.35 percent higher at 2,594 ringgit.

- Date: 2018-01-05 · published 2018-01-05T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/8160-malaysian-palm-oil-hits-one-month-high-on-strong-export-prospects-the-star
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

Expectations of stronger exports and falling production support palm oil prices. Routine price moves without a major new shock suggest limited upside.

## Read by commodity

- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2018-01-08 | 5 | +6.7% | 3.3 | Futures hit a one-month high on Jan 5 on strong export prospects, confirming upward price momentum during the window. |

## Sources

- thestar.com.my: https://www.thestar.com.my/business/business-news/2018/01/06/malaysian-palm-oil-hits-one-month-high-on-strong-export-prospects/

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