Malaysian palm oil futures rose for a second session on Wednesday, hovering above MYR 4,150 per tonne, supported by firmer edible oils on the Chicago and Dalian exchanges. Anticipation of stronger demand ahead of Lunar New Year and Ramadan in early 2026 also lent more support. In India, the top buyer, November imports edged higher as softer prices prompted refiners to shift from costlier soyoil and sunflower oil. Gains were capped, however, by a Reuters forecast showing inventories likely rose to a 6-1/2-year high in November, highlighting ample supply. Export weakness added pressure, with Intertek noting a 19.7% mom drop in shipments. Focus also turned to operational risks after a land dispute in Terengganu state, which authorities warned could threaten output, but traders saw limited near-term impact. Meantime, in Indonesia, the world’s largest producer, industry officials said floods and cyclones in Sumatra caused no major output losses, tempering supply-driven support expectations.
