Palm prices end at their highest level in three months due to higher commodity prices

Malaysian palm futures rose for the fourth consecutive session on Thursday. The gains were boosted by commodity prices and crude oil that remained firm. The benchmark April palm oil contract on the Bursa Derivatives exchange gained 46 ringgit or 1.08% to 4,318 Ringgit ($1,100.13). This was the highest close since October 27th, 2025.

A Kuala Lumpur based trader stated that the palm market today is supported by commodity prices, such as crude oil and soyoil.

The trader said that prices remain strong amid anticipation for the Price?Outlook conference in Kuala Lumpur from February 9-11. Dalian's most-active palm oil contract rose 1.15%, while the soyoil contract in Dalian rose 0.89. Chicago Board of Trade soyoil prices rose 0.46.

As palm oil competes to gain a market share on the global vegetable oil market, it tracks the price changes of other edible oils. The ringgit (palm's currency of trade) fell 0.31% against the dollar. This made the commodity more affordable for buyers holding foreign currencies.

Oil prices

The price of roses increased by 1.5%

On Thursday, the market extended gains for the third consecutive day on growing concerns that the U.S. could?carry-out a military strike on Iran, a key Middle Eastern producer, which?could interrupt supply from the area.

Palm oil is a better option as a biodiesel feedstock because crude oil futures are stronger.

(source: Reuters)