Malaysian palm oil futures jumped around 1% to above MYR 4,130 per tonne on Tuesday, swinging from weakness in the previous session as a weaker ringgit and firmer rival oils on the Chicago and Dalian exchanges boosted sentiment. On the demand side, imports in top buyer India are projected to surge to 9.3 million tonnes in 2025/26, up from 7.58 million tonnes in the prior period, the lowest in five years, driven by stronger food demand and more attractive pricing. In key consumer China, weak November PMI readings lifted hopes for new policy support ahead of next week’s Central Economic Work Conference. Still, further gains were tempered by signs of lower exports, with Intertek reporting a 19.7% mom drop in November shipments. Meanwhile, the industry association in the world’s largest supplier, Indonesia, said recent floods, landslides, and cyclone-related disruptions in Sumatra have not yet caused major production losses, limiting expectations of supply-driven price support.
