Crude oil prices rose on Monday, supporting palm oil as a biodiesel feedstock, which became more attractive. Meanwhile, shipping surveyors are scheduled to release Malaysia's June palm oil export estimates today. Indonesia will launch its B50 mandatory biodiesel blending policy on Wednesday, granting retailers a three-month transition period to clear existing inventories. Last week, China booked 45 new palm oil cargoes, along with two washout trades to lock in profits, as domestic basis levels moved toward normalization. Current domestic palm oil demand remains largely for essential consumption, and the spot basis is expected to trade in a range.