Palm Oil Eases Further But Heads for Modest Weekly Gain

2026-08-07 04:17 By Farida Husna 1 min. read

Malaysian palm oil futures hovered below MYR 4,700 per tonne, extending recent declines as weakness in Dalian palm olein and Chicago soyoil weighed on sentiment.

Traders also grew cautious ahead of next week’s monthly report from the Malaysian Palm Oil Board, while Reuters survey pointed to July inventories at a five-month high as seasonal output outpaced demand.

Even so, palm oil was still tracking a modest weekly advance of about 0.5% so far, recovering from prior losses.

Demand prospects in top buyer India offered support, with July imports surging to a 10-month high as refiners stocked up on palm oil and soyoil ahead of festive demand amid tightening domestic supplies.

Exports also underpinned prices, with cargo surveyors estimating July Malaysian palm oil shipments rose between 12.1% and 19.5% from June.

In China, another major consumer, July trade data showed resilient exports and imports despite moderating growth, reinforcing a broadly supportive backdrop for commodity demand.



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Palm Oil Eases Further But Heads for Modest Weekly Gain
Malaysian palm oil futures hovered below MYR 4,700 per tonne, extending recent declines as weakness in Dalian palm olein and Chicago soyoil weighed on sentiment. Traders also grew cautious ahead of next week’s monthly report from the Malaysian Palm Oil Board, while Reuters survey pointed to July inventories at a five-month high as seasonal output outpaced demand. Even so, palm oil was still tracking a modest weekly advance of about 0.5% so far, recovering from prior losses. Demand prospects in top buyer India offered support, with July imports surging to a 10-month high as refiners stocked up on palm oil and soyoil ahead of festive demand amid tightening domestic supplies. Exports also underpinned prices, with cargo surveyors estimating July Malaysian palm oil shipments rose between 12.1% and 19.5% from June. In China, another major consumer, July trade data showed resilient exports and imports despite moderating growth, reinforcing a broadly supportive backdrop for commodity demand.
2026-08-07
Palm Oil Eases as Stronger Ringgit, Inventory Outlook Weigh
Malaysian palm oil futures slipped below MYR 4,700 per tonne, reversing recent gains as a stronger ringgit and weaker Chicago soyoil prices dampened sentiment. Meanwhile, crude oil prices retreated, further weighing on palm oil as lower energy prices reduce biodiesel demand prospects. Market pressure also stemmed from Reuters forecasts that Malaysia’s palm oil inventories climbed to a five-month high in July, reflecting seasonally stronger output. Traders stayed cautious ahead of China’s July trade data, which may offer fresh demand signals from a major palm oil consumer. Still, losses were tempered by firmer edible oil prices on the Dalian exchange and solid export momentum. Cargo surveyors estimated Malaysia’s July palm oil shipments rose 12.1%–19.5% from June. In top buyer India, edible oil imports hit a 10-month peak in July as refiners stepped up palm oil and soyoil purchases to rebuild stocks before the festive season amid tightening domestic supplies.
2026-08-06
Palm Oil Continues Upward Momentum
Malaysian palm oil futures edged higher to around MYR 4,700 per tonne, extending recent gains as a weaker ringgit and firmer Dalian palm oil contracts lifted sentiment. Stronger exports also lent support, with cargo surveyors noting shipments in July grew between 12.1% and 19.5% from June. In India, the world's largest palm oil importer, edible oil imports climbed to a 10-month peak in July as refiners ramped up purchases of palm oil and soyoil to replenish inventories ahead of the festival season amid tightening domestic supplies. In top supplier Indonesia, palm oil exports rose 2.5% yoy in H1 of 2026, highlighting resilient overseas demand. However, gains were limited by weaker Chicago soyoil futures. Traders also adopted a cautious stance ahead of July trade data in China, which could offer fresh insights into demand from one of the major palm oil consumers. Meanwhile, Reuters forecast Malaysia's palm oil stocks are likely to hit a five-month high in July, tempering the upside.
2026-08-05