Palm Oil Strength Stretches to Third Day

2026-04-22 04:44 By Farida Husna 1 min. read

Malaysian palm oil futures extended gains for a third straight session, holding near MYR 4,600 per tonne, lifted by a softer ringgit and firmer edible oil prices in Dalian and Chicago markets.

On the demand side, purchases from top buyer India may rebound after March shipments fell 19% mom, suggesting restocking ahead.

Meanwhile, Malaysia is advancing toward a B15 biodiesel mandate from the current B10, with an interim target of B12.

The move is expected to absorb 1–1-1/2 million tonnes of palm oil annually, tightening exportable supply, as Kuala Lumpur follows Jakarta in expanding blending mandates to reduce imported fuel dependence.

However, the upside was capped by weak export estimates, with cargo surveyors reporting April 1–20 shipments down about 25.6%–25.8% from March, partly due to the absence of festive demand.

Turning to China, another main consumer, authorities signaled imports of key commodities, particularly soybeans, could decline this year, weighing on edible oil demand.



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Palm Oil Strength Stretches to Third Day
Malaysian palm oil futures extended gains for a third straight session, holding near MYR 4,600 per tonne, lifted by a softer ringgit and firmer edible oil prices in Dalian and Chicago markets. On the demand side, purchases from top buyer India may rebound after March shipments fell 19% mom, suggesting restocking ahead. Meanwhile, Malaysia is advancing toward a B15 biodiesel mandate from the current B10, with an interim target of B12. The move is expected to absorb 1–1-1/2 million tonnes of palm oil annually, tightening exportable supply, as Kuala Lumpur follows Jakarta in expanding blending mandates to reduce imported fuel dependence. However, the upside was capped by weak export estimates, with cargo surveyors reporting April 1–20 shipments down about 25.6%–25.8% from March, partly due to the absence of festive demand. Turning to China, another main consumer, authorities signaled imports of key commodities, particularly soybeans, could decline this year, weighing on edible oil demand.
2026-04-22
Palm Oil Extends Gains
Malaysian palm oil futures increased for a second session, rising above MYR 4,500 per tonne, supported by a weaker ringgit and firmer edible oil prices on the Dalian and Chicago markets. Sentiment was also underpinned by expectations of a rebound in Indian demand after shipments to the world’s largest buyer fell 19% mom in March. In addition, Malaysia is moving in step with top producer Indonesia to expand its blending mandate, with the industry regulator projecting palm-based biodiesel consumption to increase by more than 300,000 tonnes annually. However, the upside was capped by softer crude oil prices, which tend to weigh on biofuel-linked demand. Export data also pointed to weakness, with cargo surveyors noting shipments of Malaysian palm oil products for April 1–20 fell between 25.6% and 25.8% from the prior month. In China, another major consumer, imports of key agricultural commodities, including soybeans, are also expected to decline this year, adding to demand-side caution.
2026-04-21
Palm Oil Trades Higher Amid Rising Crude Prices
Malaysian palm oil futures hovered around MYR 4,480 per tonne after briefly slipping below MYR 4,440 in the prior session, tracking firmer prices on the Dalian exchange and gains in soyoil on Chicago markets. Strength in global oil prices also lent support, after renewed tensions between the U.S. and Iran, lifting energy markets. On the demand side, purchases from India, the world’s largest palm oil importer, are expected to recover after a 19% drop in March shipments. Locally, Malaysia’s palm-based biodiesel consumption is projected to rise by over 300,000 tonnes annually, according to the industry regulator, as the country aligns with Indonesia in advancing blending mandates to reduce reliance on imported fuels. However, gains were capped after Statistics Malaysia reported a modest fall in March exports of palm oil and related products, reflecting weak demand after the festive season. Separately, cargo surveyors noted April 1–15 palm oil shipments plunged over 34% mom.
2026-04-20