---
title: "Palm Oil Rises Further, Hits 3-Week High"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/285150341.md"
description: "Malaysian palm oil futures have risen to a three-week high, exceeding MYR 4,650 per tonne, driven by a weaker ringgit and positive expectations regarding Malaysia's biodiesel policy, which will transition to B15 biodiesel starting June 1. However, demand concerns persist, with India's imports dropping 27% month-on-month to a one-year low in April, and export shipments also declining. Additionally, rising supply from Indonesia, which exported 5.85 million tonnes of palm oil in the first quarter, adds further pressure on prices."
datetime: "2026-05-05T03:38:31.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/285150341.md)
  - [en](https://longbridge.com/en/news/285150341.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/285150341.md)
---

# Palm Oil Rises Further, Hits 3-Week High

Malaysian palm oil futures extended gains, hovering above MYR 4,650 per tonne and notching a three-week peak.

The upside was supported by a weaker ringgit and optimism over Malaysia’s biodiesel policy.

Kuala Lumpur is reportedly set to roll out B15 biodiesel, from the current B10, starting June 1, with 19 plants expected to begin production, a move aimed at reducing reliance on fossil fuel imports amid soaring oil prices.

However, gains were capped by weaker demand signals.

Imports in key buyer India fell 27% mom to a one-year low in April, as higher prices narrowed palm oil’s discount to rival oils and discouraged purchases.

Export trends also softened, with cargo surveyors reporting shipments for April 1–25 dropped 15.7%–16.8% from March, reflecting typical post-festive weakness.

Additional pressure came from rising supply, as top producer Indonesia exported 5.85 million tonnes of crude and refined palm oil in the January–March period, up 9.3% yoy, according to official data.

### Related Stocks

- [002431.CN](https://longbridge.com/en/quote/002431.CN.md)

## Related News & Research

- [Indonesia task force hands over 2.37 million hectares of seized land to palm oil planter Agrinas](https://longbridge.com/en/news/286212709.md)
- [Oil little changed as traders await breakthrough in US.-Iran negotiations](https://longbridge.com/en/news/286925961.md)
- [Gas prices: Three consecutive days of increases at the pumps to begin the week](https://longbridge.com/en/news/286901121.md)
- [Asia Naphtha/Gasoline-Naphtha margin at about $202/t, backwardation narrows](https://longbridge.com/en/news/286900851.md)
- [Bolivia's state oil company YPFB suspends fuel shipments amid protests](https://longbridge.com/en/news/286835375.md)