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Malaysian palm oil futures on Bursa Malaysia Derivatives closed higher on rumours that Indonesia may raise its export levy to fund the B50 biodiesel mandate. Soybean oil prices on CBOT also rose, supporting sentiment.
Expected higher Indonesian export duties would make Malaysian palm oil cheaper for importers such as China and India, lifting demand and prices, while CBOT soyoil strength adds support.
bernama.comJul 1, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
