VEGOILS-Palm climbs on US biofuel regulations, lower output prospects
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Malaysian palm oil futures rose 0.87% to 4,190 ringgit per metric ton, driven by expectations of lower output and increased U.S. biofuel blending regulations. The U.S. Environmental Protection Agency proposed higher biofuel blending volumes for 2026 and 2027, boosting demand for biomass diesel feedstock. Analysts predict potential production losses in January will further elevate prices for palm and soybean oil. The market remains optimistic for Q1 2026, with palm oil prices potentially testing resistance levels between 4,228 and 4,288 ringgit.
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