马来西亚棕榈油期货上涨超过1%，至每吨4450马来西亚令吉左右，连续第四个交易日上涨，并保持在4月初以来的最高水平。大连交易所食用油价格上涨和出口强劲支撑了涨幅，货物验船师指出，8月前十天的出货量跃升了23%以上。在最大的生产国印度尼西亚，雅加达重申了明年将生物柴油中强制性棕榈油含量从40%提高到50%的计划，尽管不太可能在1月份实施。在印度，炼油厂预计将在2024/25年将豆油进口量提高60%，达到创纪录的水平，这得益于其相对于棕榈油的价格优势，将后者的出货量推至780万吨的五年低点。尽管如此，随着买家在10月中旬排灯节之前囤积棕榈油，短期棕榈油需求可能会上升。上涨受到林吉特走强和马来西亚产量增加预期的限制，7月份产量增长7.1%，达到181万吨，库存接近两年来的最高点211万吨。
Malaysian palm oil futures rose over 1% to around MYR 4,450 per tonne, advancing for the fourth session and holding at their highest since early April. Gains were supported by higher edible oil prices on the Dalian exchange and strong exports, with cargo surveyors noting shipments in the first ten days of August jumped over 23%. In top producer Indonesia, Jakarta reaffirmed plans to raise the mandatory palm oil content in biodiesel to 50% next year from 40%, though implementation is unlikely in January. In India, refiners are expected to lift soyoil imports by 60% to a record in 2024/25 on price advantages over palm oil, pushing the latter’s shipments to a five-year low of 7.8 million tons. Still, near-term palm oil demand may rise as buyers stock up ahead of the mid-October Diwali festival. Upside was capped by a stronger ringgit and expectations of higher Malaysian output, with July production up 7.1% to 1.81 million tons and inventories at a near two-year high of 2.11 million tons.
