Malaysian palm oil seen sharpest increase in 3 weeks, today 2/11/2023 due to strong export data higher petrolium crude oil prices, stronger ringgit restricted gains. Contracts for January delivery rose by RM 85 or 2.3% to RM 3773 ($ 794.32) per ton (1$ = 4.7500 Ringgit) ( RM=Malaysian Ringgit) Soybean oil in Daliyan up by 1.6% and palm oil (Daliyan) by 2.2%, lower Soybean production is expected to reduce soyoil supply and palm oil demand likely to increase. Chicago soyoil climbed by 0.6%, which was 5 months low in previous session. RM strengthend by 0.4% against US Dollar.