# Malaysian palm oil closes higher on supply squeeze concerns - Markets - Business Recorder

> Malaysian palm oil edged up 0.24% to 4,621 ringgit on Wednesday as traders weighed El Niño risks and tighter Indonesian supply under the B50 biodiesel mandate. Indian edible oil imports are projected to rise from July to October ahead of festive demand.

- Date: 2026-07-23 · published 2026-07-23T12:00:00.000Z
- Category: weather · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/18444-malaysian-palm-oil-closes-higher-on-supply-squeeze-concerns-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

El Niño threats, Indonesia's higher biodiesel blend and expected Indian buying support palm prices. Palm still trades at a discount to rival oils, which supports demand.

## Read by commodity

- SBO: bullish ▲
- PALMOIL: bullish ▲

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| PALMOIL | 2023-08-29 | [Malaysian palm jumps 1% amid supply concerns in India - Markets - Business Recorder](https://feedsoft.ai/events/34676-malaysian-palm-jumps-1-amid-supply-concerns-in-india-markets-business-recorder.md) | +1.2% | -3.2% |
| PALMOIL | 2020-07-21 | [Palm oil bounces back, hovers near 5-month high on supply concerns - Markets - Business Recorder](https://feedsoft.ai/events/52202-palm-oil-bounces-back-hovers-near-5-month-high-on-supply-concerns-markets.md) | +0.4% | +8.7% |
| PALMOIL | 2024-04-22 | [Malaysian palm oil up - Markets - Business Recorder](https://feedsoft.ai/events/15656-malaysian-palm-oil-up-markets-business-recorder.md) | -0.0% | -4.8% |
| PALMOIL | 2021-10-25 | [Palm rebounds on tight supply concerns, rival oil strength - Markets - Business Recorder](https://feedsoft.ai/events/44664-palm-rebounds-on-tight-supply-concerns-rival-oil-strength-markets-business.md) | +0.3% | +1.2% |
| PALMOIL | 2021-01-04 | [Malaysian palm oil futures climb - Markets - Business Recorder](https://feedsoft.ai/events/5001-malaysian-palm-oil-futures-climb-markets-business-recorder.md) | +10.0% | -0.2% |
| SBO | 2024-04-22 | [Malaysian palm oil up - Markets - Business Recorder](https://feedsoft.ai/events/15656-malaysian-palm-oil-up-markets-business-recorder.md) | +0.6% | +2.3% |
| SBO | 2021-01-04 | [Malaysian palm oil futures climb - Markets - Business Recorder](https://feedsoft.ai/events/5001-malaysian-palm-oil-futures-climb-markets-business-recorder.md) | +0.4% | +0.0% |
| SBO | 2024-12-03 | [Palm oil rises on Malaysia floods, higher Indonesian export tax - Markets - Business Recorder](https://feedsoft.ai/events/27044-palm-oil-rises-on-malaysia-floods-higher-indonesian-export-tax-markets-business.md) | +3.7% | +0.7% |

## Sources

- brecorder.com: https://www.brecorder.com/news/40431334

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.