Malaysian palm oil futures rose modestly on Monday, hovering around MYR 4,190 per tonne after briefly touching MYR 4,147 in the previous session. The rebound was supported by stronger edible oil prices on the Dalian and Chicago markets, while sentiment improved after Intertek Testing Services reported Malaysian palm oil exports rose 9.97% in January 1–25 from the previous month. Expectations of stronger demand ahead of the Lunar New Year and Ramadan in February also supported prices, alongside tighter supply, with January output projected to fall 15%–17% due to seasonal factors. In top supplier Indonesia, officials said palm oil exports to India could exceed 5 million tonnes in 2025, up from 4.8 million in 2024, following India’s tariff cuts. Gains, however, were capped by a firmer ringgit, renewed U.S. tariff threats toward Canada, and Indonesia’s cancellation of the B50 biodiesel plan. The Malaysian Palm Oil Council expects prices to remain in the MYR 4,000–4,300 range in February.

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