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Malaysian palm oil futures settled more than 3% higher on Wednesday, buoyed by stronger rival edible oils and production concerns, while increased buying ahead of a major industry conference also supported prices.

PRIME Minister James Marape has welcomed Papua New Guinea's Council of Palm Oil Producing Countries (CPOPC) membership as a historic milestone for the nation's oil palm industry

Malaysian palm oil futures settled more than 3% higher on Wednesday, buoyed by stronger rival edible oils and production concerns, while increased buying ahead of a major industry conference also supported prices.

Malaysian palm oil futures rose on Wednesday, driven by stronger rival edible oils and production concerns, while increased buying ahead of a major industry conference also supported prices.

Malaysian palm oil futures fell on Tuesday, tracking weaker rival edible oils, with traders awaiting bullish cues to prop up prices.

Malaysian palm oil futures fell on Tuesday, tracking weaker rival edible oils, with traders awaiting bullish cues to prop up prices.

Jakarta. Indonesia kicked off 2025 with a considerable drop in the export of its top commodity palm oil, according to the Central Statistics Agency (BPS).

- Indonesia is studying the implementation of a biodiesel blend that contains 50% palm oil in 2026, and is also looking at a 3% blend for jet fuel next year, energy ministry official Eniya Listiani Dewi told parliament members on Tuesday.

Total trade between Malaysia and Bahrain expanded to RM1.19 billion (US$260 million) in 2024, compared to RM1.5 billion (US$330 million) in 2023.

Indonesian exporters of renewable feedstocks are looking at various alternatives, from ignoring tax notices to considering legal options and creative labeling, to continue trade as Jakarta clamps down on the export of palm oil mill effluent oil and used cooking oil, market participants said this week

Malaysian palm oil futures recouped the session’s earlier losses to settle higher on Monday, while weakness in soyoil prices and lower palm oil exports estimates for the first two weeks of February capped gains.

India's edible oil market is witnessing a significant shift, with palm oil imports hitting a 13-year low while soybean oil gains popularity due to its cost advantage.