Malaysian palm oil futures jumped around 1% to near MYR 4,600 per tonne, rebounding from recent weakness as a softer ringgit and firmer Chicago soyoil lent support. A rally in global crude oil prices following the collapse of U.S.–Iran talks also lifted sentiment, boosting risk appetite. Fundamentals added strength, with monthly data from the Malaysian Palm Oil Board showing March inventories fell for a third month to a seven-month low. In top buyer India, expectations of restocking ahead of seasonal demand grew after March imports slid 19% to a three-month low. However, gains were tempered by weaker export estimates, as cargo surveyors noted palm oil shipments slipped between 30.7% to 38.9% in the first ten days of April from the same period in March. Policy developments in Indonesia, the largest supplier, drew attention after President Prabowo ordered legal action against firms resisting a forestry crackdown, with 5.88 million hectares of oil palm plantations already seized.
