Malaysian palm oil futures were little changed on Wednesday

at MYR4,222 ($1,073.75) per tonne. Malaysian palm oil futures were little changed on Wednesday, trading around MYR4,215-MYR4,222 per tonne after two sessions of declines. Price dynamics remained subdued, as a stronger ringgit and rising Chicago soybean oil prices offset support from rising Dalian vegetable oil prices. Traders remain cautious ahead of the Malaysian Palm Oil Council’s monthly data release on February 10, which is expected to provide a new direction for the market. The Malaysian Palm Oil Council forecasts prices to fluctuate between MYR 4,000 and MYR 4,300 in February, reflecting a balanced market environment. On the demand side, exports supported demand, with cargo experts estimating shipments in January to have increased by 14.9% to 17.9% month-on-month. In India, imports surged 51% to a four-month high, as a significant discount on palm oil compared to soybean oil spurred purchases by processors. Meanwhile, Indonesia, the world’s largest producer, saw exports rise ...