Indonesia’s palm oil exports for 2024/25 have been revised down to 22.8 MMT due to reduced demand and the B40 biodiesel mandate. However, production is expected to rise 3% to 47 MMT in 2025/26 due to improved yields. Palm oil prices surged 24% year-on-year, narrowing their competitiveness with other oils. Soybean consumption remains steady at…
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…
Due to consistently low palm oil imports, India’s vegetable oil stocks reached a three-year low of 1.67 million metric tons in April. The Solvent Extractors’ Association of India reported that palm oil imports rose slightly to 424,599 tons in March but remained below the average of over 750,000 tons. This reduced availability may prompt India…
Palm oil prices are expected to decline as production recovers and demand weakens. In 2024, palm oil futures surged 20% due to supply disruptions in Indonesia and Malaysia. However, inventories are set to rise as buyers shift to cheaper alternatives like soybean and sunflower oils. India’s palm oil imports could drop to a five-year low,…
Due to lower export estimates, Malaysian palm oil futures fell 1.5% to below MYR 4,150 per tonne for the second consecutive session. Shipments of Malaysian palm oil products fell between 18.2% and 23% from January 1 to 20, with unfavorable currency dynamics and reduced demand in India contributing to the pressure. Global policy uncertainties, including…
