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Malaysian palm oil futures strengthened to around MYR 4,990 per tonne after recent losses, helped by firmer Dalian edible-oil prices and rising El Niño risks. Gains were capped by a stronger ringgit and weaker crude oil.
Malaysian palm oil futures trade around MYR 4,990 a tonne, their highest since December 2024, and are on track for their biggest weekly rise in 24 weeks, up nearly 6% so far.