Palm Oil:
CPO prices moved mostly flat, with the March contract rising just 0.07% to 4,039 MYR/tonne. Other nearby contracts also stayed quiet, moving only a few ringgit.
Chinese vegetable oil markets were mixed, and a slightly stronger ringgit made buying a bit weaker.
New MPOB data showed December production fell 5.46%, while exports rose 8.52% and imports jumped 43.64%. Even with better exports, stocks increased 7.58% to 3.05M tonnes, the highest in about seven years. Biodiesel exports dropped sharply by 75%.
Malaysia’s 2025 palm oil output hit a record 20.28M tonnes, up nearly 5% from last year.
Cocoa:
Cocoa prices fell hard on Friday. NY cocoa hit a 6‑week low, and London cocoa dropped to a 1‑month low. Exporters used Thursday’s price jump to sell and hedge ahead of the West African harvest.
The fall got worse after the U.S. dollar strengthened, making cocoa futures even cheaper.
