Malaysian palm oil futures traded above MYR 4,200 per tonne on Wednesday, rising for a fifth straight session amid stronger rival oils on the Dalian and Chicago exchanges. Prices continued to rebound from last week’s four-month low, lifted by data from Statistics Malaysia showing palm oil exports jumped 23.8% yoy in October. Expectations for firmer prices also grew as stricter land-seizure policies and plans to implement B50 biodiesel mandate in top producer Indonesia raised supply concerns, with analysts warning that tighter regulation and stronger domestic demand could curb exports ahead. Gains, however, were capped after the Malaysian Palm Oil Board set a lower crude palm oil reference price for December. In India, the world’s largest consumer, October palm oil imports fell to a 5-month low as buyers shifted to soybean oil, pushing 2024/25 imports down 16% to a 5-year low of 7.56 million tonnes. EU imports also declined, down 18% to 1.08 million tonnes so far in the 2025/26 season.
