Palm Oil Holds Above MYR 4,550

2026-06-29 03:40 By Farida Husna 1 min. read

Malaysian palm oil futures hovered above MYR 4,550 per tonne, extending modest gains as stronger edible oil prices on Dalian and Chicago exchanges supported sentiment.

Higher crude oil prices also improved palm’s appeal as a biodiesel feedstock.

Firmer exports also added support, with cargo surveyors noting shipments rose between 10.6%–11.1% in the first 25 days of June.

Supply fundamentals stayed constructive as weather risks clouded production prospects.

Meantime, top producer Indonesia will roll out its B50 biodiesel mandate from July 1, with a three-month transition for retailers to clear stocks, reinforcing expectations of stronger domestic consumption.

In India, imports are projected to exceed 600,000 tonnes in June, up from 549,356 tonnes in May, underscoring robust demand from the world’s largest buyer.

Gains, however, were capped by a firmer ringgit and cautious positioning ahead of China’s PMI data later this week, which may offer fresh clues on demand from the key consumer.



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Palm Oil Holds Above MYR 4,550
Malaysian palm oil futures hovered above MYR 4,550 per tonne, extending modest gains as stronger edible oil prices on Dalian and Chicago exchanges supported sentiment. Higher crude oil prices also improved palm’s appeal as a biodiesel feedstock. Firmer exports also added support, with cargo surveyors noting shipments rose between 10.6%–11.1% in the first 25 days of June. Supply fundamentals stayed constructive as weather risks clouded production prospects. Meantime, top producer Indonesia will roll out its B50 biodiesel mandate from July 1, with a three-month transition for retailers to clear stocks, reinforcing expectations of stronger domestic consumption. In India, imports are projected to exceed 600,000 tonnes in June, up from 549,356 tonnes in May, underscoring robust demand from the world’s largest buyer. Gains, however, were capped by a firmer ringgit and cautious positioning ahead of China’s PMI data later this week, which may offer fresh clues on demand from the key consumer.
2026-06-29
Palm Oil Recovers But Heads for Weekly Loss
Malaysian palm oil futures hovered near MYR 4,600 per tonne, rebounding from recent declines as stronger vegetable oil prices on China’s Dalian Exchange lifted sentiment. Firmer export demand also lent support, with cargo surveyors estimating shipments rose 10.6%–11.1% in the first 25 days of June. Meanwhile, top supplier Indonesia moved to roll out its B50 biodiesel mandate from July 1, with a three-month transition period for retailers to clear existing stocks, reinforcing views of higher domestic consumption. Supply concerns also persisted as weather-related risks continued to cloud production. In India, palm oil imports are expected to top 600,000 tonnes in June, up from 549,356 tonnes in May, underscoring robust demand from the world’s largest buyer. However, the contract remained on track for a weekly loss of about 1%, reversing the prior week’s strong gains as a firmer ringgit and a sharp drop in crude oil prices, amid easing Middle East supply concerns, capped upside momentum.
2026-06-26
Palm Oil Slides to One-Week Low
Malaysian palm oil futures slid almost 2% to below MYR 4,600 per tonne, marking a one-week low and registering losses of over 2% so far this week. Sentiment weakened amid a stronger ringgit and weaker edible oil prices on Dalian and Chicago exchanges. Meanwhile, crude oil prices eased toward pre-conflict levels, eroding palm oil’s competitiveness and biofuel appeal. Pressure also followed Malaysia’s cut to its July crude palm oil reference price, though the export duty stayed at 10%. Still, losses were tempered by firm export demand, with cargo surveyors estimating June 1–20 shipments rose 19.1%–25% from the same period in May. Meantime, supply concerns lingered as El Niño continued to curb output. In top producer Indonesia, the B50 biodiesel mandate will kick off on July 1, potentially expanding domestic use. Meanwhile, India’s June palm oil imports are projected above 600,000 tonnes, compared with 549,356 tonnes in May, underscoring resilient demand from the world's largest buyer.
2026-06-25