# Quotations for palm oil continue to rise, and for soybean oil – to fall

> Palm oil prices rose for a tenth straight day, supported by a 1.7% to 5.6% rise in Malaysian exports in November. Chicago soyoil fell 1.7% as market pessimism grew over Chinese COVID protests and a slowing global economy. The Malaysian government kept the crude palm oil export duty at 8% for December.

- Date: 2022-12-01 · published 2022-12-01T12:00:00.000Z
- Category: market · region Global · magnitude low
- Page: https://feedsoft.ai/events/9754-quotations-for-palm-oil-continue-to-rise-and-for-soybean-oil-to-fall
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Stronger Malaysian export flows tighten palm oil supply and support prices, while weak Chinese demand, the largest vegetable oil importer, weighs on soyoil. Shifts in demand between these two oils change the relative price of feed-grade fats.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bullish ▲

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/quotations-for-palm-oil-continue-to-rise-and-for-soybean-oil-to-fall/

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