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FX.co ★ Palm Oil Rallies Toward 4-Month High

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typeContent_19130:::2025-07-18T04:53:59

Palm Oil Rallies Toward 4-Month High

Malaysian palm oil futures surged by nearly 2.0%, reaching approximately MYR 4,290 per tonne. This increase marks a recovery from a slight decline in the previous session, spurred by strong performance of competing oils on the Chicago Board of Trade and the Dalian Exchange. Prices edged close to their highest level in nearly four months and are on track for a third consecutive weekly gain, having risen over 2.5% so far. The upward momentum was bolstered by recent statistics from Malaysia indicating a significant 25% year-on-year increase in palm oil exports for June. However, potential gains were mitigated by weather-related challenges in Malaysia, particularly flooding in key palm-growing areas. Furthermore, substantial inventories in major consumer markets like India and China have raised questions about short-term demand. In terms of trade dynamics, recent announcements by U.S. President Trump to inform more than 150 trading partners about pending tariff rates prior to an August deadline have introduced additional uncertainty into global trade interactions.

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