{
  "id": 6132397,
  "title": "Palm extends gains, hits two-week high on stronger Dalian palm olein",
  "url": "https://urgent.news/2026/09/07/palm-extends-gains-hits-two-week-high-on-stronger-dalian-palm-olein",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-07T12:15:36.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40438315/palm-extends-gains-hits-two-week-high-on-stronger-dalian-palm-olein"
  },
  "original_language": "en",
  "account": "Malaysian palm oil futures hit a two-week high on Monday, buoyed by a rise in Dalian palm olein prices. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange surged 50 ringgit, or 1.01%, to 4,979 ringgit ($1,231.21) a metric ton, marking the highest closing price since August 21. A trader in Kuala Lumpur credited the Dalian palm olein rally for providing strength to crude palm oil prices, keeping the market in positive territory. Dalian's leading soyoil contract increased by 0.31%, while its palm oil contract climbed 1.39%. The Chicago Board of Trade is on a holiday. Palm oil mirrors the price movements of other edible oils, vying for a slice of the global vegetable oils market. Oil prices are near six-week highs as conflicts between the U.S. and Iran disrupt vessel traffic in the Strait of Hormuz and other regions, reducing crude oil flows. The weakening ringgit, compared to the dollar, makes the commodity slightly cheaper for foreign buyers. Meanwhile, India's heavy demand for vegetable oils has caused congestion at major ports, causing vessel unloading delays of up to 10 days as shore tanks fill and refiners grapple with clearing incoming cargo.",
  "summary": "KUALA LUMPUR: Malaysian palm oil futures climbed to a two-week high on Monday, extending gains for a second consecutive session, supported by stronger Dalian palm olein prices. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 50 ringgit, or 1.01%, at 4,979 ringgit ($1,231.21) a metric ton, the highest closing price since August 21. “Strength…",
  "key_points": [
    "Malaysian palm oil futures reach two-week high at 4,979 ringgit per metric ton",
    "Dalian palm olein price rise credited for boosting crude palm oil prices",
    "Dalian soyoil and palm oil contracts increase by 0.31% and 1.39% respectively"
  ],
  "editors_take": "The rise in palm olein prices in Dalian has bolstered Malaysian palm oil futures, making the commodity more competitive globally, especially for foreign buyers due to the weakening ringgit.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}