27.08.202505:31:17UTC+00Palm Oil Snaps Two-Day Losing Streak

Malaysian palm oil futures have experienced a significant uptick, now exceeding MYR 4,500 per tonne and breaking a recent two-day decline. This increase is backed by a weaker ringgit and an optimistic export forecast. According to data from cargo surveyors, Malaysian palm oil shipments rose by 10.9% to 16.4% from August 1–25 compared to the previous month. The market mood has also been buoyed by an anticipated rise in demand in India, coinciding with Diwali celebrations in mid-October. Additionally, Indonesia has reportedly secured a U.S. tariff exemption on commodities like palm oil, and Malaysia is implementing contingency measures to protect exports amidst EU deforestation regulations. Nevertheless, further growth was tempered by the Malaysian Palm Oil Association's report of an increase in crude palm oil production from August 1–20. The market also felt pressure from declining prices of competing edible oils on the Dalian and Chicago exchanges, and EU data revealing a 34% year-on-year decrease in palm oil imports, down to 352,275 tonnes for the 2025–26 season starting in July.