After a brief dip, palm oil prices rose as buyers in India—world’s top edible oil importer—look to stock up ahead of the festive season. Diwali and other celebrations typically drive demand between September and November. Malaysia’s exports surged over 5% in early August, fueled by shipments to India and Africa.
🌱 Soybeans Slide on Profit-Taking & Uncertainty
Soybean futures dipped amid technical selling and weather concerns in key U.S. growing regions. Despite expectations of a strong 2025 crop, export demand remains weak due to trade tensions with China. Biodiesel-linked soybean oil demand offers some support, but not enough to offset export losses.
