# Weaker ringgit and export pickup bring palm oil back into focus

- Link: https://www.directorstalkinterviews.com/weaker-ringgit-and-export-pickup-bring-palm-oil-back-into-focus/4121233789
- Published: 2026-01-07T09:22:00+00:00
- Author: Amilia Stone

Palm oil futures have started the year with renewed support, as several market factors
have aligned to create a clearer path for near-term price strength. The benchmark
contract for March delivery rose to over 4,000 ringgit per tonne this week, driven
by stronger pricing in rival vegetable oils and a weakening ringgit, both of which
improve the relative position of palm oil in global markets.

The ringgit has traded lower against the US dollar, making Malaysian palm oil more
competitively priced for international buyers. This currency movement has made a
measurable difference in recent days, coinciding with firmer demand signals from
overseas. Early January shipping data suggests a pickup in export volumes, with 
analysts noting a stronger start to the month compared with the final weeks of December.

At the same time, global edible oil markets have moved higher. Soybean oil, which
competes directly with palm oil in food processing and biodiesel applications, has
seen prices firm in both Chicago and Dalian. Palm oil tends to follow these benchmarks
closely, and the recent rally in soy oil has added further momentum to Malaysian
futures.

_**[Dekel Agri-Vision PLC](https://www.directorstalkinterviews.com/company/dekel-agri-vision-plc/dkl.l)**(
[LON:DKL](https://www.directorstalkinterviews.com/company/dekel-agri-vision-plc/dkl.l))
aspires to become a leading agro-industrial company in West Africa, one that creates
value for shareholders whilst at all times placing the interests of the local communities
and environment in which it operates in at the heart of its operations._

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