Palm extends gains on strength in Dalian soyoil, weaker ringgit

0241 GMT. Dalian’s most-active soyoil contract gained 1.28 per cent, while its palm oil contract increased 1.1 per cent. The Chicago Board of Trade is closed on Thursday for the Thanksgiving holiday. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. Malaysia commodities minister said on Thursday palm oil exports to China fell by almost 29 per cent in the first 10 months of 2025. Exports of Malaysian palm oil products for the November 1-22 period were seen down between 16.4 per cent and 18.8 per cent from a month earlier, according to independent inspection company AmSpec Agri and cargo surveyor Intertek Testing Services. Oil prices fell on expectations of a Ukraine-Russia ceasefire, which could pave the way for the unwinding of Western sanctions against Russian supply, though trading was set to remain thin due to the US Thanksgiving holiday. Weaker crude oil futures make palm a less attractive option for biodiesel ...