Malaysian palm oil futures were little changed on Wednesday, hovering near MYR 4,030 after gains in the prior two sessions, as trading thinned ahead of Thursday’s Christmas holiday. A firmer ringgit capped upside, though stronger rival edible oils in Dalian and Chicago lent support. Meanwhile, export data sent mixed signals: cargo surveyor Intertek Testing Services estimated that Malaysian palm oil product exports rose 2.4% month-on-month in the December 1–20 period, while AmSpec Agri Malaysia reported a 0.87% decline over the same timeframe. Elsewhere, Indonesia— the world’s top producer— allocated 15.65 million kilolitres of palm-based biodiesel for its 2026 blending mandate, according to an official from the Energy and Mineral Resources Ministry, underscoring steady policy-driven demand. Meanwhile, in India, the world’s largest consumer, palm oil imports increased by about 5% in November from October, supported by more attractive prices.
