# Palm logs biggest monthly gain in 4 years - Markets - Business Recorder

> Malaysian palm oil futures rose 19.47% in March, their biggest monthly gain since April 2022, closing at 4,829 ringgit per ton. Gains were driven by short covering and strong March export data, which rose 44-57% month-on-month, while Brent headed for its largest monthly gain amid the Iran war.

- Date: 2026-03-31 · published 2026-03-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/9478-palm-logs-biggest-monthly-gain-in-4-years-markets-business-recorder
- Commodities: [Malaysian Ringgit (MYR per USD)](https://feedsoft.ai/c/USDMYR.md), [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Strong export demand and biodiesel appeal from higher crude tighten palm supplies and lift vegetable oil prices. A weaker ringgit partly offsets this for foreign buyers.

## Read by commodity

- SBO: bullish ▲
- BRENT: bullish ▲
- USDMYR: bullish ▲
- PALMOIL: bullish ▲

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2026-04-01 | 1 | +3.9% | 3.6 | A record monthly gain driven by short covering, strong March exports and surging Brent set the momentum and positioning that carried into the 1 April rise. |
| PALMOIL | 2026-03-31 | 1 | +3.9% | 3.7 | Record monthly gain from short covering, strong March exports and Iran-war crude strength; month-end flows and momentum plausibly contributed. |

## Sources

- brecorder.com: https://www.brecorder.com/news/40414032
- brecorder.com: https://www.brecorder.com/news/40414064

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