MDEX: Palm oil advances more than 2% and closes at its highest value in 15 months.

The April contract of palm oil closed the session this Monday (30) with a significant increase of 2.27% in Malaysian Derivatives Exchange (MDEX)The price for the Brazilian futures contract rose 2.48% to US$1,158.00/ton. The May contract advanced 2.48% to US$1,178.50/ton. Both contracts reached their highest closing value since December 2024. 

In this trading session, palm oil prices were boosted by the market's reaction to the president's statement. Indonesia, Prabowo Subianto, that the B50 program will be continued in the country.

Regarding the energy market, prices continue to be impacted by the volatility in international oil prices, due to recent developments in the conflict in Middle EastHigher fuel prices make palm oil a more attractive option as a feedstock for biodiesel. 

Furthermore, prices followed the positive performance of the commodity in Dalian Exchange (DCE), which registered an increase of 2.84%, while soybean oil advanced 0.67%.

In Malaysia, the country's cargo inspection companies estimated that exports of the commodity increased between 38.4% and 50.6% between March 1st and 25th.

THE Malaysian ringworm The exchange rate weakened 0.35% against the dollar, a factor that makes palm oil cheaper for foreign buyers. 

This text was translated by machine from Brazilian Portuguese.