# Palm closes at 15-month high, logs fifth straight weekly gain - Markets - Business Recorder

> Malaysian palm oil futures rose about 1% on Friday to close at a 15-month high of 4,838 ringgit per ton, marking a fifth straight weekly gain. Lower Malaysian March-end stocks, expectations of Indonesia's B50 biodiesel mandate and Middle East tensions were cited as supports.

- Date: 2026-04-03 · published 2026-04-03T12:00:00.000Z
- Category: market · region Malaysia · magnitude medium
- Page: https://feedsoft.ai/events/9473-palm-closes-at-15-month-high-logs-fifth-straight-weekly-gain-markets-business
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md)

## Why it matters

Tighter Malaysian inventories and biodiesel-linked demand point to firm palm prices, with buyers reluctant above 4,900 ringgit. Palm's link to crude oil means energy volatility also feeds through to vegetable oil costs for feed buyers.

## Read by commodity

- SBO: bullish ▲
- WTI: bullish ▲
- PALMOIL: bullish ▲

## Sources

- brecorder.com: https://www.brecorder.com/news/40414652

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