Palm Oil Retreats, Weekly Loss in Sight

2026-04-10 05:31 By Farida Husna 1 min. read

Malaysian palm oil futures eased slightly, hovering below MYR 4,650 per tonne after recent gains, pressured by a firmer ringgit.

The benchmark contract is heading for a weekly drop of over 4%, breaking a five-week winning streak, after Malaysian Palm Oil Board monthly data showed March production rose 7.21% month-on-month to 1.38 million tonnes.

Still, weakness was limited as palm oil inventories fell 16.14% last month to 2.27 million tonnes while exports surged 40.69% to 1.55 million tonnes..

Broader edible oil markets also strengthened, with strength in Dalian and Chicago contracts, reflecting hopes of easing geopolitical tensions in Iran.

In India, the top buyer, expectations of restocking ahead of stronger seasonal demand grew after imports dropped 19% to a three-month low in March.

Meanwhile, Indonesia, the world's largest grower, issued a decree outlining its biofuel mandate timeline.

Traders now await fresh shipment estimates from cargo surveyors later today for more direction.



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Palm Oil Retreats, Weekly Loss in Sight
Malaysian palm oil futures eased slightly, hovering below MYR 4,650 per tonne after recent gains, pressured by a firmer ringgit. The benchmark contract is heading for a weekly drop of over 4%, breaking a five-week winning streak, after Malaysian Palm Oil Board monthly data showed March production rose 7.21% month-on-month to 1.38 million tonnes. Still, weakness was limited as palm oil inventories fell 16.14% last month to 2.27 million tonnes while exports surged 40.69% to 1.55 million tonnes.. Broader edible oil markets also strengthened, with strength in Dalian and Chicago contracts, reflecting hopes of easing geopolitical tensions in Iran. In India, the top buyer, expectations of restocking ahead of stronger seasonal demand grew after imports dropped 19% to a three-month low in March. Meanwhile, Indonesia, the world's largest grower, issued a decree outlining its biofuel mandate timeline. Traders now await fresh shipment estimates from cargo surveyors later today for more direction.
2026-04-10
Palm Oil Firms Ahead of Key Monthly Data
Malaysian palm oil futures hovered above MYR 4,600 per tonne, recovering from recent losses that had pushed prices to a near two-week low. The upturn was supported by bargain hunting, a weaker ringgit, and firmer soyoil prices on the Chicago market. Gains were further boosted by a surge in crude oil prices, driven by doubts over the durability of the two-week ceasefire between the U.S. and Iran, which lifted broader commodity sentiment. Meanwhile, Reuters projected the steepest inventory drop in three years for March. In Indonesia, the world’s largest producer, a ministerial decree was issued outlining the timeline for the country’s biofuel mandate. However, the upside was capped by weakness in edible oils on the Dalian exchange and persistent demand concerns in top buyer India, where palm oil imports fell 19% in March. Caution also grew ahead of key data releases, including the Malaysian Palm Oil Board’s monthly report and inflation figures from major consumer China, both due Friday.
2026-04-09
Palm Oil Under Pressure Amid Weaker Crude, Demand Concerns
Malaysian palm oil futures slid around 3% to below MYR 4,630 per tonne, continuing their recent decline and marking the lowest level in almost two weeks. The slump followed a sharp fall in crude oil prices, which dampened risk appetite after U.S. President Donald Trump announced a two-week ceasefire in the Iran conflict, reducing palm’s appeal as a biofuel feedstock. Weaker edible oils on the Dalian and Chicago markets also pressured sentiment. Further, caution also grew ahead of key data from the Malaysian Palm Oil Board later this week. Demand worries added pressure, with imports in top buyer India down 19% in March to a three-month low as high prices curbed buying. Still, losses were capped by supply-side support, as Reuters forecast Malaysia’s steepest inventory draw in three years during March. Meantime, Indonesia, the world’s largest producer, posted strong February exports ahead of its B50 rollout in July, while Thailand reportedly tightened crude palm oil export controls.
2026-04-08