Palm Oil Rises Further, Yet Set for Monthly Decline

2026-04-30 04:18 By Farida Husna 1 min. read

Malaysian palm oil futures extended gains, holding above MYR 4,600 per tonne, amid a weaker ringgit and firmer edible oils on the Dalian and Chicago exchanges.

Near-term sentiment remains constructive, with the Malaysian Palm Oil Council expecting prices to stay above MYR 4,500, supported by elevated energy costs and potential El Niño-driven supply risks.

In top grower Indonesia, output is projected to fall by up to 2 million metric tons this year on dry weather and rising fertilizer costs, reinforcing supply concerns.

Even so, contracts are set to post a loss in April, down around 4.5% so far, following a near 20% surge in March, as the market undergoes a natural correction.

The pullback has been driven largely by weaker exports, with cargo surveyors noting April 1–25 shipments down 15.7%–16.8% from the prior month, reflecting typical post-festive softness.

Meanwhile, stocks in March remained ample despite easing from February.

Markets will be closed on Friday for the Labor Day break.



News Stream
Palm Oil Rises Further, Yet Set for Monthly Decline
Malaysian palm oil futures extended gains, holding above MYR 4,600 per tonne, amid a weaker ringgit and firmer edible oils on the Dalian and Chicago exchanges. Near-term sentiment remains constructive, with the Malaysian Palm Oil Council expecting prices to stay above MYR 4,500, supported by elevated energy costs and potential El Niño-driven supply risks. In top grower Indonesia, output is projected to fall by up to 2 million metric tons this year on dry weather and rising fertilizer costs, reinforcing supply concerns. Even so, contracts are set to post a loss in April, down around 4.5% so far, following a near 20% surge in March, as the market undergoes a natural correction. The pullback has been driven largely by weaker exports, with cargo surveyors noting April 1–25 shipments down 15.7%–16.8% from the prior month, reflecting typical post-festive softness. Meanwhile, stocks in March remained ample despite easing from February. Markets will be closed on Friday for the Labor Day break.
2026-04-30
Palm Oil Edges Lower
Malaysian palm oil futures eased, hovering near MYR 4,520 per tonne amid weakness in Dalian palm olein and Chicago soyoil. Trading stayed muted as softer export prospects weighed on sentiment. Cargo surveyors reported April 1–25 shipments down 15.7%–16.8% from March, reflecting a typical post-festive slowdown. Buyers also held back on near-term purchases after the recent price run-up and amid ample inventories following strong February shipments, AmInvestment Bank noted. Still, losses were cushioned by a weaker ringgit, which boosts export competitiveness, and firmer crude oil after the U.S. reportedly may extend its blockade of Iranian ports. Looking ahead, the Malaysian Palm Oil Council expects prices to stay above MYR 4,500 in the near term, supported by elevated energy costs and potential El Niño risks. Market participants now await China’s upcoming PMI data for clearer signals on demand conditions in key importing markets.
2026-04-29
Palm Oil Trades Below MYR 4,500
Malaysian palm oil futures continued to slip, hovering below MYR 4,500 per tonne and nearing a one-week low, pressured by a stronger ringgit and weakness in Dalian soyoil. Sentiment was further weighed by softer export demand, with cargo surveyors noting shipments of Malaysian palm oil products for April 1–25 dropped between 15.7% and 16.8% from the prior month, reflecting a post-festive slowdown. Caution also persisted ahead of China’s upcoming official PMI release, which could provide clearer signals on demand conditions in a key importing market. However, losses were capped by firmer soyoil prices on the Chicago exchange. Rising crude oil prices, driven by stalled U.S.-Iran peace talks and mounting supply concerns, also offered support. In top buyer India, purchases are expected to recover after imports fell 19% mom in March. Meanwhile, the Malaysian Palm Oil Council sees prices holding above MYR 4,500 in the near term, supported by high energy costs and potential El Niño risks.
2026-04-28