Malaysian palm oil futures surged over 3% to above MYR 4,650 per tonne, snapping recent declines as a weaker ringgit and firmer crude oil prices boosted competitiveness. Gains in rival edible oils on China’s Dalian exchange also lifted sentiment as markets reopened after Golden Week. In India, buyers secured about 150,000 tonnes in three days, with refiners turning to palm oil amid tight sunflower oil supplies ahead of November’s festive demand. However, caution prevailed before Malaysian Palm Oil Board data, with Reuters forecasting September inventories to hit a record high, surpassing the 2018 peak, as output outpaced sluggish exports. Cargo surveyors estimated shipments slipped 17.1%–28.8% mom. Meanwhile, EU imports for the 2026/27 season dropped 18% yoy to 0.71 million tonnes. In Indonesia, nearly 260,000 hectares of reclaimed land were handed to the Forestry Ministry, with more than half slated for management by Agrinas Palma Nusantara, potentially adding to long-term supply.