# Palm rangebound, but poised for first weekly gain in three weeks

> Malaysian palm oil futures for January delivery traded in a tight range on Friday, up 0.16% at 4,447 ringgit a tonne, and were on course for a weekly gain. Traders were cautious ahead of Indonesian Palm Oil Conference price forecasts and details of a planned Indonesian service fee.

- Date: 2026-11-13 · published 2026-11-13T06:06:29.340Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/97174-palm-rangebound-but-poised-for-first-weekly-gain-in-three-weeks
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

Uncertainty over the new Indonesian service fee and the outlook from the conference is keeping palm in a narrow band. Palm is likely to track rival vegetable oils until clearer guidance emerges.

## Read by commodity

- SBO: neutral
- PALMOIL: neutral

## Sources

- brecorder.com: https://www.brecorder.com/news/40448727/palm-rangebound-but-poised-for-first-weekly-gain-in-three-weeks

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