# Palm rises on strength in rival oils - Markets - Business Recorder

> Malaysian palm oil futures for May delivery rose 27 ringgit (0.70%) to 3,890 ringgit per metric ton in early trading on Monday on the Bursa Malaysia Derivatives Exchange. The gains tracked stronger rival oils in Chicago and Dalian.

- Date: 2024-02-27 · published 2024-02-27T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/9423-palm-rises-on-strength-in-rival-oils-markets-business-recorder
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm oil moving with soyoil and other vegetable oils signals firm vegetable oil complex pricing, supporting meal and oil values for feed and industrial buyers.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40290895

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