Malaysia palm oil outlook to stay bullish on strong exports, high CPO prices

United States (US) biofuel policy. He said import tariffs and shifting trade barriers in major economies have disrupted flows of competing edible oils, tightening supply in key markets, amplifying risk premiums, and spurring speculative buying that has reinforced CPO price momentum. “A notable example is China’s move to impose anti-dumping duties on Canadian canola, which drove rapeseed oil futures higher on Chinese exchanges. The rally quickly spilled over into palm oil futures, as traders recalibrated positions across the vegetable oil market,” he told Bernama. He noted that changes to US biofuel policies through the 45Z programme have shifted the playing field by favouring domestic feedstock over imports. “With soybean oil being the main feedstock for biodiesel in the US, these policy adjustments drove soybean oil prices higher. The strength in soybean oil prices spilled over into palm oil, lifting CPO alongside the broader edible oil market,” he said. Sathia also said the ...