Palm oil rises for fourth day on support from Dalian edible oil market
13-Aug-2025 10:24 AM
Palm oil rises for fourth day on support from Dalian edible oil market
★ Malaysian palm oil futures opened higher today, marking gains for the fourth straight session as the market tracked strong edible oil prices on the Dalian exchange.
★ Dalian’s most active soyoil contract rose 1.66%, while palm oil gained 1.14%. Soyoil prices on the Chicago Board of Trade were up 0.3%.
★ India’s soyoil imports in 2024/25 are expected to surge 60% year-on-year to a record high, as refiners increase purchases due to cheaper prices compared to palm oil. In contrast, palm oil imports are forecast to hit a five-year low.
★ India’s palm oil imports this year are estimated to fall 13.5% from last year to 7.8 million tons, the lowest since 2019/20.
★ Between August 1–10, Malaysian palm oil product exports rose 23.3% according to Intertek Testing Services, and 23.7% according to AmSpec Agri Malaysia.
★ Technical analysis indicates palm oil is facing strong resistance at 4,455 ringgit and may retrace into the 4,388–4,400 ringgit per ton range.
KLCE CPO Mid Close (Today)
SEP: Close 4,413 (+50), Open 4,355, High 4,413, Low 4,355, Volume 3,385
OCT: Close 4,459 (+57), Open 4,396, High 4,461, Low 4,393, Volume 18,202
NOV: Close 4,498 (+68), Open 4,419, High 4,500, Low 4,419, Volume 12,376
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