Malaysian palm oil futures rose to MYR 4,260/tonne for the first time in three sessions, driven by a softer ringgit and higher Dalian soyoil prices.
Indian imports reached an 11-month high in June, driven by Diwali stockpiling. Exports fell 9.2%-15.2% in the July 1-25 period, limiting gains.
However, Malaysian 2025 production is expected to rise to 19.5 million tonnes due to labor recovery. Demand from India remains strong ahead of Diwali, with June imports reaching an 11-month high due to tight local stocks and better pricing.
