Malaysian palm oil futures were little changed on Wednesday, holding around MYR 4,215 per tonne after two sessions of losses. Price action stayed muted as a stronger ringgit and firmer Chicago soyoil offset support from gains in Dalian vegetable oils. Traders remained cautious ahead of the Malaysian Palm Oil Board’s monthly data, due February 10, which is expected to set a fresh direction. The Malaysian Palm Oil Council projected prices to hover between MYR 4,000 and MYR 4,300 in February, reflecting balanced market conditions. On the demand side, exports provided support, with January shipments estimated to have risen between 14.9%–17.9% month-on-month, according to cargo surveyors. In India, imports surged 51% to a four-month high as palm oil’s steep discount to soyoil spurred refiners’ buying. Meanwhile, Indonesia, the world’s top producer, saw exports jump 102.23% from December, with total 2025 shipments up 9.1% year-on-year at 23.61 million tonnes.
