Palm Oil Extends Bullish Streak to Four Sessions

2026-03-16 05:09 By Farida Husna 1 min. read

Malaysian palm oil futures surged over 1.5% to above MYR 4,650 per tonne on Monday, marking gains for a fourth straight session amid firmer edible oils on the Dalian market.

Strong export demand added support, with cargo surveyor Intertek noting shipments of Malaysian palm oil products for March 1–15 jumped 43.5% mom, driven by Ramadan and Eid buying.

In India, imports rose 11% in February to a six-month high as wider discounts to rival oils encouraged refiners to boost purchases.

Upbeat activity data in key buyer China further lifted sentiment.

Attention also turned to Indonesia, the world’s largest producer, where authorities may impose additional taxes on commodities, including palm oil, to ease budget pressure from rising global oil prices.

The move could raise export costs and potentially tighten global supply.

Gains were capped, however, by a stronger ringgit and lingering uncertainty after reports that a planned U.S.

President Trump–Xi meeting later this month could be delayed.



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Palm Oil Extends Bullish Streak to Four Sessions
Malaysian palm oil futures surged over 1.5% to above MYR 4,650 per tonne on Monday, marking gains for a fourth straight session amid firmer edible oils on the Dalian market. Strong export demand added support, with cargo surveyor Intertek noting shipments of Malaysian palm oil products for March 1–15 jumped 43.5% mom, driven by Ramadan and Eid buying. In India, imports rose 11% in February to a six-month high as wider discounts to rival oils encouraged refiners to boost purchases. Upbeat activity data in key buyer China further lifted sentiment. Attention also turned to Indonesia, the world’s largest producer, where authorities may impose additional taxes on commodities, including palm oil, to ease budget pressure from rising global oil prices. The move could raise export costs and potentially tighten global supply. Gains were capped, however, by a stronger ringgit and lingering uncertainty after reports that a planned U.S. President Trump–Xi meeting later this month could be delayed.
2026-03-16
Palm Oil Set for Second Consecutive Weekly Gain
Malaysian palm oil futures rose around 1% to near MYR 4,600 per tonne on Friday, extending gains for a third straight session amid a weaker ringgit and strength in edible oils on the Dalian market. Sentiment was further buoyed by robust export demand, with cargo surveyors estimating that March 1–10 shipments surged by 37.9% to 45.3% from February, driven by stronger buying during Ramadan and ahead of Eid. In India, the world’s largest buyer, palm oil imports climbed 11% to a six-month high in February as a wider discount to competing oils encouraged refiners to boost purchases and cut sunflower oil imports. Separately, Malaysia has raised its April crude palm oil reference price, lifting the export duty to 9.5%, according to a circular on the Malaysian Palm Oil Board website. The market is on track for a second weekly gain of around 5% so far, supported by accelerated road tests of B50 biodiesel blend in top producer Indonesia, expected for mid-year rollout.
2026-03-13
Palm Oil Extends Rally
Malaysian palm oil futures jumped more than 1.5% to near MYR 4,600 per tonne on Thursday, marking solid gains for the second straight session amid a weaker ringgit, firmer edible oils in Dalian and Chicago markets, and a surge in crude oil prices. Export optimism added support, with cargo surveyors reporting March 1–10 shipments soared between 37.9%–45.3% from February, driven by stronger demand during Ramadan and ahead of Eid. Supply data reinforced the momentum, as February inventories fell 3.9% to a four-month low of 2.70 million tonnes, while crude palm oil output plunged 18.6% to 1.28 million tonnes. Demand from top buyer India also improved, with February imports rising 11.0% to 844,000 tonnes, the highest in six months, on wide discounts versus rival oils. Turning to Indonesia, the world’s largest producer, authorities accelerated road tests for its B50 biodiesel blend, a contingency measure against potential crude supply shocks linked to Middle East tensions.
2026-03-12