Palm Oil Rises on Bargain Hunting -- Market Talk

Dow Jones10:46

0246 GMT - Palm oil prices are higher on bargain hunting. Crude palm oil sentiment may remain volatile as weaker competing edible oils weigh on sentiment, AmInvestment Bank says. However, concerns over Indonesia's export restructuring and firmer biodiesel demand could help cushion downside risks as it benefits Malaysia's palm oil sector. The near-term outlook remains mixed, with a sideways to mildly bearish bias, it adds. AmInvestment Bank sees resistance at 4,520 ringgit a ton and support at 4,390 ringgit a ton. The Bursa Malaysia Derivatives contract for August delivery is 3 ringgit higher at 4,461 ringgit a ton. (yingxian.wong@wsj.com)

(END) Dow Jones Newswires

May 21, 2026 22:46 ET (02:46 GMT)

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The Bursa Malaysia Derivatives contract for August delivery is 3 ringgit higher at 4,461 ringgit a ton. 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Crude palm oil sentiment may remain volatile as weaker competing edible oils weigh on sentiment, AmInvestment Bank says. However, concerns over Indonesia's export restructuring and firmer biodiesel demand could help cushion downside risks as it benefits Malaysia's palm oil sector. The near-term outlook remains mixed, with a sideways to mildly bearish bias, it adds. AmInvestment Bank sees resistance at 4,520 ringgit a ton and support at 4,390 ringgit a ton. The Bursa Malaysia Derivatives contract for August delivery is 3 ringgit higher at 4,461 ringgit a ton. 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However, concerns over Indonesia's export restructuring and firmer biodiesel demand could help cushion downside risks as it benefits Malaysia's palm oil sector. The near-term outlook remains mixed, with a sideways to mildly bearish bias, it adds. AmInvestment Bank sees resistance at 4,520 ringgit a ton and support at 4,390 ringgit a ton. The Bursa Malaysia Derivatives contract for August delivery is 3 ringgit higher at 4,461 ringgit a ton. 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