Malaysian Palm Oil Prices Rise Due to Global Market Trends and Political Tension

全球市場趨勢與政治緊張局勢推高馬來西亞棕櫚油價格

Jul 8, 2026, 03:05
AsiaFinance

Introduction

Malaysian palm oil futures went up on Wednesday, July 8, recovering from a small drop in the previous trading session.

馬來西亞棕櫚油期貨在 7 月 8 日（星期三）上漲，從前一個交易日的小幅下跌中回升。

Main Body

The benchmark September contract on the Bursa Malaysia Derivatives Exchange increased by up to 30 ringgit, reaching 4,577 ringgit per metric ton. This rise was caused by a positive trend in other edible oils. For example, soyoil prices rose by 1.43% on the Chicago Board of Trade, while contracts in Dalian also saw increases of 0.84% for soyoil and 0.74% for palm oil.

馬來西亞衍生產品交易所的 9 月基準合約最高上漲 30 令吉，達到每公噸 4,577 令吉。此次上漲是由於其他食用油的正面趨勢所引起。例如，芝加哥商品交易所的大豆油價格上漲 1.43%，而大連的大豆油與棕櫚油合約也分別上漲 0.84% 與 0.74%。

Furthermore, political instability in the Middle East pushed prices higher. After U.S. military strikes against Iran and new sanctions on crude oil sales, crude oil prices rose by about 2%. This makes palm oil more attractive as a raw material for biodiesel. Additionally, the ringgit became weaker against the U.S. dollar, which made the commodity cheaper for international buyers.

此外，中東的政治不穩定推高了價格。在美國軍方襲擊伊朗及對原油銷售實施新制裁後，原油價格上漲約 2%。這使得棕櫚油作為生物柴油的原材料更具吸引力。此外，令吉兌美元匯率走弱，使國際買家購買該商品的成本降低。

However, some challenges remain. Data from the European Commission shows that palm oil imports for the 2025/26 season fell by 4% to 2.9 million metric tons. Moreover, Paramalingam Supramaniam from Pelindung Bestari emphasized that demand has not yet recovered. From a technical view, analyst Wang Tao suggested that the price might struggle to move past the 4,592 ringgit per ton level.

然而，挑戰依然存在。歐盟委員會的數據顯示，2025/26 季度的棕櫚油進口量下降 4%，至 290 萬公噸。此外，來自 Pelindung Bestari 的 Paramalingam Supramaniam 強調需求尚未恢復。從技術面看，分析師王濤指出價格可能難以突破每噸 4,592 令吉的水平。

Conclusion

In summary, palm oil futures are currently increasing because of higher crude oil and vegetable oil prices, even though demand in the EU is falling.

總結來說，儘管歐盟的需求正在下降，但由於原油與植物油價格上漲，棕櫚油期貨目前呈上升趨勢。

Vocabulary Learning

🚀 The 'Cause & Effect' Upgrade

An A2 student usually says: "The price went up because of political problems."

A B2 student says: "Political instability pushed prices higher."

Notice the difference? Instead of always using the word "because," the article uses dynamic verbs to show how one thing changes another. This is the secret to sounding more professional and fluid.

⚡ Power Verbs from the Text

Instead of saying "made it happen," try these:

  • Recovering from: When something goes back to a good state after a bad period. (e.g., "The market is recovering from a drop.")
  • Pushed [something] higher: To force a price or number to increase. (e.g., "Tensions pushed costs higher.")
  • Struggle to move past: When something tries to reach a goal but cannot quite do it. (e.g., "The price might struggle to move past 4,592 ringgit.")

🛠️ The Logic Chain

Look at how the article connects complex ideas without repeating the same words:

Political Tension →\rightarrow Crude Oil Prices Rise →\rightarrow Palm Oil becomes attractive →\rightarrow Prices Go Up

B2 Tip: Use words like "Furthermore" and "Moreover" to add a new layer of evidence to your argument. Avoid using "And... and... and..."

✍️ Quick Shift: A2 →\rightarrow B2

  • A2: The ringgit is weak, so people buy more oil.
  • B2: The ringgit became weaker, which made the commodity cheaper for international buyers.

Using "which made..." allows you to connect a fact to its result in one smooth sentence.

Vocabulary Learning

benchmark (adj.)
Serving as a standard or point of reference against which things may be compared.
Example:The benchmark price for gold is used by traders worldwide to determine the value of jewelry.
instability (n.)
The state of being unstable; a lack of predictability or steadiness, often in political contexts.
Example:Economic instability in the region led to a decrease in foreign investment.
sanctions (n.)
Official penalties or restrictions imposed by one country on another to force a change in behavior.
Example:The government imposed trade sanctions to discourage the country from developing nuclear weapons.
commodity (n.)
A raw material or primary agricultural product that can be bought and sold, such as copper or coffee.
Example:Oil is the most heavily traded commodity in the global market.
emphasized (v.)
To give special importance or prominence to something in speaking or writing.
Example:The teacher emphasized the importance of practicing grammar every day.
Practice B2 words in a crossword→