JAKARTA, June 19 (Reuters): Malaysian palm oil futures rose on Friday and booked a 3.80% weekly gain, supported by expectations that Indonesia's planned B50 mandate would boost domestic consumption and tighten global supplies.
Top palm oil producer Indonesia is on track to launch its B50 biodiesel mandate - blending 50% palm-oil-based biodiesel with 50% conventional diesel - on July 1, Energy Minister Bahlil Lahadalia said on Thursday, after fuel tests showed positive results.
The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange was up 72 ringgit, or 1.57%, at 4,645 ringgit ($1,123.61) a metric ton at the close.
The Dalian and Chicago markets were closed for public holidays.
"The futures are seen trading sharply higher today on optimism over confirmation of Indonesia's B50 biodiesel mandate, expectations of an official release of B50 allocations soon and a possible bottoming of gas oil futures after a relentless fall recently," said Anilkumar Bagani, the head of research at the Mumbai-based vegetable oil broker Sunvin Group.
Malaysian palm oil posts weekly gain -
FE Team | Published: June 19, 2026 22:57:17
Malaysian palm oil posts weekly gain -
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