Malaysia's April palm oil production increased sharply month-on-month while exports fell significantly, creating a strong-supply, weak-demand pattern that is weighing on palm oil prices. Recently, foreign offer prices have weakened along with the market, and domestic import profits have slowly improved but remain deeply inverted, with no new purchases reported recently. While arrivals have increased recently, falling futures prices have stimulated terminal demand, and delivery speeds have accelerated. Inventories have fallen slightly, and basis prices remain relatively firm. In the short term, palm oil prices are expected to fluctuate with a weak bias.