DCE palm oil closed higher in overnight trading. On the spot side, the profit margins for September palm oil purchases against futures remain favorable, with at least eight new September cargoes booked yesterday, pointing to greater arrival pressure in September. In the domestic market, spot basis levels in various regions have been revised lower, with trading activity relatively subdued. On the forward months, Indonesia's B50 policy and El Nio-related production cut expectations continue to provide underlying support for longer-dated prices. In the short term, palm oil is likely to remain firm trend, with focus on DSI developments and progress on Indonesia's B50 mandate.