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Malaysian palm oil futures rose about 0.7% on April 30 to 4,612 ringgit per ton and were on track for a second weekly gain. Traders cited crude oil strength and Indonesian supply concerns, and reports said the US was considering military action against Iran.
Higher crude makes palm more competitive as biodiesel feedstock, and a possible Indonesian output drop tightens vegetable oil supply, supporting palm prices.
brecorder.comReutersApr 30, 2026Not enough comparable past events yet for a historical read.
Not 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.
