Palm Oil Prices Rise Due to Robust Exports and Indonesian Policy Concerns

Nurul Hidayatullah
1 min read

News Content

Palm oil prices experienced a rebound after a two-day decline, driven by optimism around robust Malaysian exports for the month and worries over potential Indonesian policy changes that could restrict supplies from the largest shipper. According to David Ng, a senior trader at IcebergX Sdn. in Kuala Lumpur, the morning gains were largely attributed to Malaysia's strong export performance. Additionally, Intertek Testing Services reported a 14% increase in shipments during March 1-25 compared to the previous month, supported by heightened demand from Africa, India, and the Middle East. AmSpec Agri is expected to release data for the same period later on Monday. The positive export figures and concerns over Indonesian policies have contributed to the recent surge in palm oil prices.

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