Malaysian palm oil futures rose for a second session on Thursday, hovering around MYR 4,060 per tonne amid strength in Dalian edible oils and extended bargain hunting. Prices recovered further from a five-month low hit earlier this week, on growing expectations that India, the world’s largest buyer, may lift imports by about 20% in the new marketing year starting early November, supported by more competitive pricing. In top supplier Indonesia, authorities reportedly have tightened oversight of the palm oil sector following suspected export data manipulation to avoid levies, a move that could slightly curb near-term shipments and offer limited price support. Yet supply-side pressures kept the contract on track for a second weekly decline, down around 0.2% so far. Cargo surveyors estimated Malaysia’s exports fell 16.4%–18.8% in the first 25 days of November, while October output surged 11% to its highest since August 2015, pushing inventories to a 6-1/2-year peak.
