# Palm oil futures soar - Newspaper - DAWN.COM

> Palm oil futures jumped over 4% on Tuesday to 2,282 ringgit per tonne, their highest in more than three weeks. The gain followed rises in related oils on the Dalian exchange and overnight strength in Chicago soybean oil. A weaker ringgit also supported prices.

- Date: 2019-09-18 · published 2019-09-18T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9443-palm-oil-futures-soar-newspaper-dawn-com
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Palm oil moves with soyoil and other vegetable oils, and a weaker ringgit makes Malaysian palm cheaper for foreign buyers, which supports demand. Feed buyers should expect vegetable oil prices to follow these cross-market moves.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Sources

- dawn.com: https://www.dawn.com/news/1505861
- dawn.com: https://www.dawn.com/news/1506024

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