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Malaysian Palm Oil Futures Expected to Rise on June 26 as Exports Grow 10.6-11.1%

2026-06-26 00:27:17

According to Jin10 Futures, on June 26, Malaysian crude palm oil futures are expected to open higher on Friday morning, following gains in external markets. A cargo ship attack near Oman has fueled concerns over the timeline for Middle East crude oil shipping to return to pre-conflict levels, driving Thursday's rebound in international crude oil futures and supporting Chicago soybean oil markets. From June 1 to 25, Malaysian palm oil exports grew 10.6-11.1% month-over-month, while Indonesia's July 1 implementation of B50 biodiesel blending mandate is expected to provide additional support to the market. However, strength in the Malaysian ringgit has made ringgit-priced palm oil more expensive for foreign currency holders.

Disclaimer: The information on this page may come from third-party sources and is for reference only. It does not represent the views or opinions of Gate and does not constitute any financial, investment, or legal advice. Virtual asset trading involves high risk. Please do not rely solely on the information on this page when making decisions. For details, see the Disclaimer.

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