Slightly stronger USD adds mild pressure on commodity prices. Stronger ringgit reduces palm export competitiveness. Weaker euro weighs on EU demand. Crude oil remains elevated, providing strong support via biodiesel demand.

The market is entering a correction phase, as momentum slows after the recent rally. Palm oil remains the key driver, supported by high crude oil prices and favorable logistics to core markets. In the US, weaker biodiesel demand is reducing overall support for the vegoil complex, while logistics in the GCC remain tight amid elevated freight rates and uncertain insurance costs. Overall, the market is macro-supported but structurally softer, increasing the risk of a near-term c

Vegetable oil markets are being driven sharply higher by an oil-led rally in the soy complex and strong palm oil performance, reinforced by biodiesel demand, tighter export flows, and geopolitical risk. At the same time, rising freight, logistics disruptions, and currency pressures are amplifying price volatility across all major origins and destinations.