Malaysian palm oil futures jumped over 1% to above MYR 4,500 per tonne, halting a recent losing streak as a weaker ringgit and firmer edible oils in China’s Dalian and Chicago markets boosted sentiment. Bargain buying also emerged after prices hit a two-week low last week. Stronger export demand provided further support, with cargo surveyors estimating July 1–5 shipments rose between 10.6% and 11.1% from the same period in June. However, some traders adopted a cautious approach ahead of the Malaysian Palm Oil Board’s monthly report later this week. Attention also turns to June CPI and PPI in China, another major buyer, for demand cues. Separately, a Reuters poll suggested inventories likely hit a June record as output outpaced consumption. In top buyer India, imports fell to a 14-month low amid sluggish demand and narrowing discounts versus rival oils. On the broader commodities front, crude eased as exports through the Strait of Hormuz recovered.

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