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Mysteel oils market daily: With multiple bullish factors for palm oil already priced in, crude oil remains the central pricing anchor

Source: Mysteel Apr 01, 2026 09:41
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Plant Oil Demand Price Supply
Last night's USDA report showed planting intentions higher than last year but below market expectations, providing a slight bullish factor. In domestic night trading, palm oil led the gains in the vegetable oil sector, driven by Indonesia's continued advancement of the B50 program and expectations of stronger-than-anticipated inventory drawdowns in Malaysia. However, hopes for a swift end to the Middle East conflict increased, causing crude oil prices to ease slightly, and today's vegetable oil market may follow with a modest pullback.

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