Malaysian palm oil futures hovered near MYR 4,500 per tonne, rising for the second session amid firmer rival edible oils and a rebound in crude oil prices. Sentiment was also lifted by signs of strong demand, with cargo surveyors estimating that exports of Malaysian palm oil products during October 1–15 rose between 12.3% and 16.2% from the same period in September. Broader market tone improved after U.S. Treasury Secretary Scott Bessent signaled the possibility of extending a pause on import duties on Chinese goods if Beijing drops plans for new export controls on critical materials, easing trade concerns. Additional support came from top producer Indonesia’s efforts to regulate crude palm oil exports to secure supply for its biodiesel program, though a stronger ringgit limited gains. Meanwhile, palm oil purchases by the largest importer India fell to their lowest level since May, as refiners shifted to cheaper soyoil, according to the Solvent Extractors’ Association of India.
