Palm Oil Hovers Near 5-Month High

2026-08-20 03:55 By Farida Husna 1 min. read

Malaysian palm oil futures extended their upward momentum, hovering around MYR 4,920 per tonne and holding near their highest level since early April.

Firmer edible oils on the Dalian Commodity Exchange supported sentiment, while elevated crude oil prices provided additional support amid sporadic attacks in the Middle East.

Meanwhile, the Malaysian Palm Oil Council projected palm oil prices to remain firm above MYR 4,600 in September, citing tightening supply and trade disruptions.

However, high inventories could limit further gains, with Malaysian palm oil stocks climbing to a five-month high in July.

In India, record soyoil imports expected in August could weigh on palm oil demand, as refiners may favor cheaper soyoil ahead of the festive season.

Export signals were also mixed.

Intertek estimated shipments fell 7.9% during August 1–15 from the same period in July, while AmSpec reported a 3.2% increase, underscoring uncertainty over near-term demand and keeping traders cautious.



News Stream
Palm Oil Hovers Near 5-Month High
Malaysian palm oil futures extended their upward momentum, hovering around MYR 4,920 per tonne and holding near their highest level since early April. Firmer edible oils on the Dalian Commodity Exchange supported sentiment, while elevated crude oil prices provided additional support amid sporadic attacks in the Middle East. Meanwhile, the Malaysian Palm Oil Council projected palm oil prices to remain firm above MYR 4,600 in September, citing tightening supply and trade disruptions. However, high inventories could limit further gains, with Malaysian palm oil stocks climbing to a five-month high in July. In India, record soyoil imports expected in August could weigh on palm oil demand, as refiners may favor cheaper soyoil ahead of the festive season. Export signals were also mixed. Intertek estimated shipments fell 7.9% during August 1–15 from the same period in July, while AmSpec reported a 3.2% increase, underscoring uncertainty over near-term demand and keeping traders cautious.
2026-08-20
Palm Oil Hovers at 20-Week High
Malaysian palm oil futures extended recent strength, trading near MYR 4,900 per tonne and reaching their highest level since early April. Support came from firmer edible oils in Dalian and Chicago markets, alongside stronger crude oil prices amid continued uncertainty over shipping through the Strait of Hormuz and potential disruptions to global trade flows. Meanwhile, the Malaysian Palm Oil Council projected prices to stay firm above MYR 4,600 in September, citing tightening supply and trade disruptions. However, upside momentum was tempered by elevated inventories, with July stocks climbing to a five-month high. In India, record soyoil imports expected in August could dent palm oil demand, as refiners may favor cheaper soyoil ahead of festive-season consumption. Export signals were mixed: Intertek reported shipments down 7.9% during August 1–15 from the same period in July, while AmSpec estimated a 3.2% rise, leaving traders cautious on near-term direction.
2026-08-19
Palm Oil Hits Over 4-Month High Above MYR 4,800
Malaysian palm oil futures extended recent gains, hovering above MYR 4,800 per tonne and reaching their highest level since early April. Firmer edible oils on the Dalian and Chicago markets supported sentiment, while higher crude oil prices provided an additional boost as prospects for a deal to end the Middle East war appeared increasingly distant. However, a stronger ringgit limited further gains. Elevated inventories also remained a headwind, with Malaysia’s palm oil stocks rising to a five-month high in July as production outpaced exports. In top consumer India, record soyoil imports expected in August could weigh on palm oil demand, as competitive prices encourage refiners to favor the cheaper alternative ahead of festive demand. Export signals were mixed, with Intertek Testing Services estimating Malaysian palm oil product shipments fell 7.9% in August 1–15 from a month earlier, while AmSpec Agri Malaysia reported a 3.2% increase.
2026-08-18