Palm Oil Pulls Back After Four-Session Winning Streak

2026-03-17 05:57 By Farida Husna 1 min. read

Malaysian palm oil futures fell around 1% to below MYR 4,650 per tonne on Tuesday, snapping a four-session winning streak as a stronger ringgit and weaker edible oils on the Dalian exchange weighed on prices.

Sentiment was further rattled by U.S.

President Trump's remarks that he is planning to delay a visit to China later in March by about a month because of the Iran war.

Still, the downside was capped by a rally in crude oil amid rising geopolitical risks.

On the demand side, exports stayed firm, with cargo surveyors noting shipments of Malaysian palm oil products for March 1–15 surged 43.5%–56.9% mom, boosted by Ramadan and Eid buying.

In India, the world’s largest consumer, palm oil imports rose 11% in February to a six-month top as discounts to rival oils prompted refiners to boost purchases.

Meantime, top producer Indonesia is reportedly weighing new taxes on commodities, including palm oil, to ease fiscal strains from elevated global oil prices, a move that could tighten supply.



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Palm Oil Pulls Back After Four-Session Winning Streak
Malaysian palm oil futures fell around 1% to below MYR 4,650 per tonne on Tuesday, snapping a four-session winning streak as a stronger ringgit and weaker edible oils on the Dalian exchange weighed on prices. Sentiment was further rattled by U.S. President Trump's remarks that he is planning to delay a visit to China later in March by about a month because of the Iran war. Still, the downside was capped by a rally in crude oil amid rising geopolitical risks. On the demand side, exports stayed firm, with cargo surveyors noting shipments of Malaysian palm oil products for March 1–15 surged 43.5%–56.9% mom, boosted by Ramadan and Eid buying. In India, the world’s largest consumer, palm oil imports rose 11% in February to a six-month top as discounts to rival oils prompted refiners to boost purchases. Meantime, top producer Indonesia is reportedly weighing new taxes on commodities, including palm oil, to ease fiscal strains from elevated global oil prices, a move that could tighten supply.
2026-03-17
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