Malaysian palm oil futures closed higher, supported by geopolitical risks and concerns over weather conditions

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智通财经2026/08/19 10:26

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The Malaysian Exchange derivatives market’s November palm oil contract rose by 33 ringgit, closing at 4,893 ringgit per ton, continuing its recent strong trend.
Kenanga Futures analysts pointed out that market concerns over the El Niño phenomenon potentially causing a decline in crude palm oil production have provided some support to prices, with supply-side uncertainty impacting trading sentiment.
Meanwhile, ongoing geopolitical tensions in the Middle East continue to attract market attention. Institutions also regard this as a potential driver for higher palm oil prices, with risk aversion sentiment spreading into the agricultural product markets.

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Malaysian palm oil futures closed higher, supported by geopolitical risks and concerns over weather conditions

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