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Malaysian Crude Palm Oil Futures Likely to Open Higher on Monday, Supported by Indonesian Export Controls

GateNews
Commodities

According to Jin10, Malaysian crude palm oil futures on the Bursa Malaysia Derivatives (BMD) are likely to open higher on Monday (May 25), driven primarily by Indonesia's new centralized export mechanism for key commodities including palm oil, which could tighten supply and boost Malaysia's export prospects.

Chicago soybean oil futures' strength and the ringgit's weakness also provided support, as a weaker ringgit makes palm oil more affordable for foreign currency holders. However, falling Brent crude oil prices and declining Malaysian palm oil exports may limit upside momentum.

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