Palm Oil Rebounds on Firmer Edible Oils, Export Optimism

2026-07-29 03:31 By Farida Husna 1 min. read

Malaysian palm oil futures bounced back to trade above MYR 4,650 per tonne, recovering from recent losses as stronger Dalian palm oil and Chicago soybean oil prices improved sentiment.

Higher crude oil prices, supported by a drawdown in U.S.

crude inventories, also boosted the biodiesel outlook.

On the demand front, cargo surveyors estimated Malaysia's palm oil exports for July 1–25 increased between 8.1% and 15.9% from the same period in June.

Meanwhile, palm oil imports by top buyer India are expected to rise between July and October as tighter edible oil supplies ahead of the festive season lift buying interest.

In top grower Indonesia, the government is negotiating with the U.S.

for an exemption from the new 10% tariff on palm oil exports, seeking to preserve the competitiveness of its shipments.

Still, gains were capped by a stronger ringgit and reports that European Union palm oil imports for the 2026/27 marketing year, which began in July, plunged 39% yoy to 0.13 million tonnes.



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Palm Oil Rebounds on Firmer Edible Oils, Export Optimism
Malaysian palm oil futures bounced back to trade above MYR 4,650 per tonne, recovering from recent losses as stronger Dalian palm oil and Chicago soybean oil prices improved sentiment. Higher crude oil prices, supported by a drawdown in U.S. crude inventories, also boosted the biodiesel outlook. On the demand front, cargo surveyors estimated Malaysia's palm oil exports for July 1–25 increased between 8.1% and 15.9% from the same period in June. Meanwhile, palm oil imports by top buyer India are expected to rise between July and October as tighter edible oil supplies ahead of the festive season lift buying interest. In top grower Indonesia, the government is negotiating with the U.S. for an exemption from the new 10% tariff on palm oil exports, seeking to preserve the competitiveness of its shipments. Still, gains were capped by a stronger ringgit and reports that European Union palm oil imports for the 2026/27 marketing year, which began in July, plunged 39% yoy to 0.13 million tonnes.
2026-07-29
Palm Oil Continues Recent Decline on Weaker Crude Oil
Malaysian palm oil futures remained under pressure, extending recent losses to trade below MYR 4,650 per tonne as weaker rival edible oils on the Dalian and Chicago exchanges weighed on sentiment. Prices moved further away from last week's 15-week high amid a sharp decline in crude oil prices after the U.S. paused strikes on Iran, reducing support by weakening the biodiesel outlook. Still, losses were capped by stronger export demand, with cargo surveyors estimating that July 1–25 palm oil shipments rose between 8.1% and 15.9% from the same period in June. Additional support came from higher biodiesel blending mandates in exporting countries such as Indonesia and Malaysia. Meanwhile, palm oil imports by top buyer India are expected to rise between July and October as tighter edible oil supplies ahead of the festive season boost demand. Weather also remained supportive, with Malaysia warning that record-high temperatures could curb output next year.
2026-07-28
Palm Oil Pulls Back from April High as Crude Oil Slips
Malaysian palm oil futures retreated below MYR 4,700 per tonne, snapping recent gains after touching their highest since early April. The pullback was fueled by profit-taking, a firmer ringgit, and weakness in rival edible oils on the Dalian and Chicago exchanges. A sharp drop in crude oil added pressure, as hopes for a diplomatic breakthrough in the Middle East raised expectations of normalized shipping through the Strait of Hormuz. Still, stronger export demand helped limit losses, as cargo surveyor Intertek Testing Services estimated July 1–25 exports rose 15.9% from the same period in June. Higher biodiesel blending mandates in Indonesia and Malaysia are also set to boost consumption. In India, the world’s largest buyer, imports are forecast to rise between July and October as tightening edible oil supplies ahead of the festive season spur purchases. Weather risks remain supportive, with Kuala Lumpur warning that record-high temperatures could curb output next year.
2026-07-27