Malaysian palm oil futures hovered above MYR 4,100 per tonne on Friday, rising for a third session to a one-week high. Sentiment was lifted by gains in Dalian vegetable oils and ongoing supply concerns after MPOB data showed output rose 3.2% in November 1–20, much slower than October’s 7%–10% gain. In India, the top buyer, palm oil imports in 2025/26 are projected to climb to 9.3 million tonnes from 7.58 million tonnes, the lowest in five years, which could bolster demand. Meanwhile, Indonesia, the world’s largest supplier, has tightened oversight of the sector amid suspected export data manipulation to avoid levies, a move that may curb near-term shipments and offer limited price support. However, prices are on track for a third monthly drop, down about 2.2%, rattled by weak exports. Cargo surveyors noted Malaysia’s shipments fell 16.4%–18.8% in the first 25 days of November, while exports to China plunged near 29% in the first 10 months of 2025, according to the commodities minister.
