---
title: "VEGOILS-Palm rises on stronger Dalian, profit-taking caps gains"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/279729151.md"
datetime: "2026-03-19T06:21:44.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/279729151.md)
  - [en](https://longbridge.com/en/news/279729151.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/279729151.md)
---

# VEGOILS-Palm rises on stronger Dalian, profit-taking caps gains

(Updates with midday break prices, trader’s comment)

KUALA LUMPUR, March 19 (Reuters) - Malaysian palm oil futures climbed on Thursday after two straight sessions of losses, supported by stronger Dalian oils, though profit-taking limited gains in a holiday truncated week.

The benchmark palm oil contract (FCPOc3) for June delivery on the Bursa Malaysia Derivatives Exchange gained 32 ringgit, or 0.71%, to 4,560 ringgit ($1,158.83) a metric ton by the midday break.

The contract is down 0.26% so far this week and is poised to snap a two-week rising streak. Trading will be closed on Friday for a public holiday and resume on March 24.

Palm traded higher, buoyed by firmer Dalian oils, but profit-taking emerged before the extended Eid holidays, a Kuala Lumpur-based trader said.

“Some market participants are also staying on the sidelines due to the long weekend, limiting further upside momentum,” the trader added.

Dalian’s most-active soyoil contract (DBYcv1) rose 0.23%, while its palm oil contract (DCPcv1) shed 0.49%. Soyoil prices on the Chicago Board of Trade (BOcv1) fell 0.58%.

Palm oil tracks the price movements of rival edible oils as it competes for a share of the global vegetable oils market.

Crude oil rose, with benchmark Brent advancing as much as $5 a barrel, after Iran attacked energy facilities across the region following a strike on its South Pars gas field - a major escalation in its war with the United States and Israel. (O/R)

Stronger crude makes palm a more attractive option for biodiesel feedstock.

Crude palm oil is expected to remain above 4,450 ringgit ($1,130) per metric ton in the near-term due to rising energy prices and the Middle East uncertainty, the Malaysian Palm Oil Council said.

Malaysia’s fertiliser makers are suspending new orders as supply-chain disruptions and feedstock shortages from the conflict drive up raw material prices, threatening to raise output costs for palm oil producers.

The ringgit (MYR=) , palm’s currency of trade, weakened 0.56% against the dollar, making the commodity cheaper for buyers holding foreign currencies. ($1 = 3.9350 ringgit)

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