# Palm oil rises, on track for second straight weekly gain - Markets - Business Recorder

> 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.

- Date: 2026-04-30 · published 2026-04-30T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/19811-palm-oil-rises-on-track-for-second-straight-weekly-gain-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Higher crude makes palm more competitive as biodiesel feedstock, and a possible Indonesian output drop tightens vegetable oil supply, supporting palm prices.

## Read by commodity

- SBO: bullish ▲
- BRENT: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40418994

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