Malaysian palm oil futures rose for a second straight session, hovering above MYR 4,500 per tonne as trading resumed after a holiday break. Support came from a weaker ringgit, concerns over softer Malaysian output, and firmer edible oils in Dalian and Chicago markets. Simultaneously, crude oil prices surged as Washington–Tehran tensions escalated, despite ongoing peace talks, adding upside support to palm oil through its biodiesel link. Meanwhile, top producer Indonesia plans to channel key commodity exports, including palm oil, through a state-run firm starting in September, a move that could benefit Malaysian palm oil shipments. However, gains were capped by an uncertain demand outlook from India, the world’s largest importer, after the country’s palm oil imports plunged 26% in April to a four-month low. Weak export demand also weighed, with cargo surveyors noting that Malaysian palm oil exports during May 1–25 fell between 14.5% and 18.0% from the same period in April.

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