Malaysian palm oil futures rose modestly to above MYR 4,260 per tonne, building on slight gains from the prior session amid a weaker ringgit and stronger rival Dalian oils. Meanwhile, demand from top buyer India may remain firm ahead of the Diwali festival in mid-October. Separately, top producer Indonesia projected its palm oil exports to India will exceed 5 million tonnes this year, up from 4.8 million tonnes in 2024. However, further gains were limited by caution after U.S.-China trade talks ended without a meaningful breakthrough, with President Trump expected to make the final call on tariffs. In China, official and private PMI data for July are due in the coming days, adding to concerns over deflation risks and the impact of global trade barriers. On the export front, shipments likely weakened in July, as cargo surveyors noted Malaysian palm oil exports for July 1–25 fell between 9.2% and 15.2% from June. Production is also expected to rise in H2 amid improved labor conditions.
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