# Palm oil futures hit all-time high on bullish global energy, vegetable oil markets

> Palm oil futures on Bursa Malaysia hit an all-time high above MR 6,000 per tonne, driven by rising energy prices, supply concerns and a rally in CBOT soyoil. Soyoil futures rose about 3% on February 22 on energy strength and Argentine crop concerns.

- Date: 2022-02-23 · published 2022-02-23T12:00:00.000Z
- Category: geopolitics · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/8760-palm-oil-futures-hit-all-time-high-on-bullish-global-energy-vegetable-oil
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Higher crude prices and tight supplies lift palm and soyoil prices, though buyers in China and India are pulling back as margins erode.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2022-03-01 | 5 | +15.0% | 4.4 | Palm futures hit an all-time high on energy strength and a soyoil rally, setting the rally's start. |

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2026-10-01 | [Global vegetable oil prices seen rising on tighter supply, says analyst Mielke - Markets - Business Recorder](https://feedsoft.ai/events/17180-global-vegetable-oil-prices-seen-rising-on-tighter-supply-says-analyst-mielke.md) | -0.4% | +2.2% |
| PALMOIL | 2022-05-03 | [The impact of the Ukraine crisis on the global vegetable oil market \| IFPRI](https://feedsoft.ai/events/41484-the-impact-of-the-ukraine-crisis-on-the-global-vegetable-oil-market-ifpri.md) | -9.5% | -9.0% |
| PALMOIL | 2023-07-20 | [Palm oil futures hit four-month high as Black Sea tensions escalate](https://feedsoft.ai/events/11938-palm-oil-futures-hit-four-month-high-as-black-sea-tensions-escalate.md) | +1.6% | -2.4% |
| PALMOIL | 2022-02-23 | [Palm hits all-time high on supply concerns due to Ukraine crisis - Markets - Business Recorder](https://feedsoft.ai/events/42798-palm-hits-all-time-high-on-supply-concerns-due-to-ukraine-crisis-markets.md) | +15.0% | +10.6% |
| PALMOIL | 2026-03-12 | [War-driven energy rally may deepen rare soybean oil discount to palm oil \| S&P Global](https://feedsoft.ai/events/4715-war-driven-energy-rally-may-deepen-rare-soybean-oil-discount-to-palm-oil-s-and.md) | +0.9% | +3.9% |
| SBO | 2026-10-01 | [Global vegetable oil prices seen rising on tighter supply, says analyst Mielke - Markets - Business Recorder](https://feedsoft.ai/events/17180-global-vegetable-oil-prices-seen-rising-on-tighter-supply-says-analyst-mielke.md) | +2.3% | +4.7% |
| SBO | 2022-05-03 | [The impact of the Ukraine crisis on the global vegetable oil market \| IFPRI](https://feedsoft.ai/events/41484-the-impact-of-the-ukraine-crisis-on-the-global-vegetable-oil-market-ifpri.md) | +3.0% | -3.8% |
| SBO | 2023-07-20 | [Palm oil futures hit four-month high as Black Sea tensions escalate](https://feedsoft.ai/events/11938-palm-oil-futures-hit-four-month-high-as-black-sea-tensions-escalate.md) | +7.5% | -0.1% |

## Sources

- spglobal.com: https://www.spglobal.com/commodity-insights/en/news-research/latest-news/agriculture/022322-palm-oil-futures-hit-all-time-high-on-bullish-global-energy-vegetable-oil-markets

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