{
  "id": 7540163,
  "title": "Palm oil gains for second straight session on crude prices",
  "url": "https://urgent.news/2026/09/15/palm-oil-gains-for-second-straight-session-on-crude-prices",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-15T11:10:53.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40439596/palm-oil-gains-for-second-straight-session-on-crude-prices"
  },
  "original_language": "en",
  "account": "Malaysian palm oil futures climbed for two consecutive days on Tuesday, spurred by the persistent rise in crude oil prices. The Bursa Malaysia Derivatives Exchange's benchmark palm oil contract for November delivery ended 33 ringgit, or 0.68%, higher at 4,883 ringgit ($1,196.08) per metric ton. Trading paused on Wednesday for a public holiday and will continue on Thursday, September 17. Anilkumar Bagani, research head at Mumbai-based vegetable oil broker Sunvin Group, noted that palm oil was trading up due to gains in energy prices. He also mentioned that tighter supplies next year, owing to Indonesia's B50 biodiesel mandate and potential production cuts due to El Niño, provided further support.\n\nCrude oil prices surged over 2% on Tuesday after attacks on Saudi Arabian energy infrastructure knocked the East-West pipeline out of service, prompting concerns about the time it would take to repair the damage to energy infrastructure and transport routes. As a result, palm oil emerged as a more appealing biodiesel feedstock. Meanwhile, Dalian's most-active soyoil contract fell 1.07%, and its palm oil contract declined 0.46%. Palm oil competes with other edible oils for market share, and Malaysia has raised its October crude palm oil reference price to keep the export duty at 10%. Cargo surveyors estimated that Malaysian palm oil product exports from September 1 to 15 decreased between 17.8% and 25.6% compared to the previous month. India's palm oil imports in August increased by 7% from July, reaching 782,761 metric tons, according to the Solvent Extractors’ Association of India (SEA). The ringgit, palm's trading currency, slipped 0.21% against the dollar, making the commodity more affordable for buyers using foreign currencies.",
  "summary": "JAKARTA: Malaysian palm oil futures gained for a second straight session on Tuesday, following crude oil prices that continued to climb. The benchmark palm oil contract for November delivery on the Bursa Malaysia Derivatives Exchange was up 33 ringgit, or 0.68%, at 4,883 ringgit ($1,196.08) a metric ton at close. Malaysia’s financial markets will be closed on Wednesday for a public holiday.…",
  "key_points": [],
  "editors_take": null,
  "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."
}