Palm Oil Recovers on Stronger Energy Markets, Export Momentum

2026-07-13 03:38 By Farida Husna 1 min. read

Malaysian palm oil futures rebounded above MYR 4,500 per tonne after recent sharp losses, supported by a weaker ringgit, stronger edible oils in Dalian and Chicago, and firmer crude oil as renewed Middle East tensions lifted sentiment.

Exports also improved, with cargo surveyors noting July 1–10 shipments rose 1.6%–5.1% from the same period in June.

In top producer Indonesia, a move to raise the biodiesel mandate to B50 from B40 is expected to spur palm oil consumption to 16.3–17.0 million tons this year from 15.2 million.

Gains, however, were capped after the Malaysian Palm Oil Board said June inventories climbed 4.8% mom to a four-month top, while production grew 8.1% on seasonal output.

Meanwhile, palm oil imports in India, the world's largest consumer, fell to a 14-month low in June amid weak demand and a narrowing price advantage over rival oils.

Traders also stayed cautious ahead of China's June trade data and Q2 GDP, which could shape the demand outlook from another major buyer.



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Palm Oil Recovers on Stronger Energy Markets, Export Momentum
Malaysian palm oil futures rebounded above MYR 4,500 per tonne after recent sharp losses, supported by a weaker ringgit, stronger edible oils in Dalian and Chicago, and firmer crude oil as renewed Middle East tensions lifted sentiment. Exports also improved, with cargo surveyors noting July 1–10 shipments rose 1.6%–5.1% from the same period in June. In top producer Indonesia, a move to raise the biodiesel mandate to B50 from B40 is expected to spur palm oil consumption to 16.3–17.0 million tons this year from 15.2 million. Gains, however, were capped after the Malaysian Palm Oil Board said June inventories climbed 4.8% mom to a four-month top, while production grew 8.1% on seasonal output. Meanwhile, palm oil imports in India, the world's largest consumer, fell to a 14-month low in June amid weak demand and a narrowing price advantage over rival oils. Traders also stayed cautious ahead of China's June trade data and Q2 GDP, which could shape the demand outlook from another major buyer.
2026-07-13
Palm Oil Falls Further, Eyes First Weekly Rise in Three Weeks
Malaysian palm oil futures extended their decline, slipping below MYR 4,600 per tonne amid a stronger ringgit and weaker edible oils on the Dalian Exchange. Fresh data from the Malaysian Palm Oil Board showed June inventories rose to a four-month high of 4.8% from May, while production climbed 8.1% on stronger seasonal output. Production has accelerated further as mills in Perak struggle to process an influx of fresh fruit bunches. On the demand side, India's palm oil imports fell to a 14-month low in June due to sluggish consumption and a narrowing price discount over competing edible oils. Still, contracts remain on track for their first weekly gain in three, driven by the B50 mandate in top supplier Indonesia, which is expected to spur consumption to 16.3–17.0 million metric tons this year from 15.2 million previously. Meanwhile, cargo surveyors noted palm oil exports during July 1–5 rose 10.6%–11.1% from the same period in June, with traders awaiting full ten-day shipment data.
2026-07-10
Palm Oil Dips Ahead of Key Monthly Data
Malaysian palm oil futures traded lower, hovering below MYR 4,600 per tonne and retreating after recent gains as softer Chicago soyoil prices weighed on sentiment. Also, market participants remained cautious ahead of the Malaysian Palm Oil Board’s monthly report, with Reuters projecting stocks likely hit a record June high as output outpaced demand. In India, the world’s top buyer, June imports fell to a 14-month low on sluggish consumption and a narrowing discount versus rival oils. Still, losses were cushioned by a weaker ringgit, firmer edible oil prices on China’s Dalian exchange, and stronger crude oil, which boosts palm’s appeal as biodiesel feedstock. Demand prospects brightened after cargo surveyors estimated July 1–5 exports rose between 10.6% and 11.1% from the same period in June. Meanwhile, in China, another major importer, consumer prices rose less than expected while factory-gate inflation showed signs of peaking, underscoring a mixed backdrop for edible oil demand.
2026-07-09