The Malaysian Investment Bank said in a report that palm oil prices rose during the Asian trading period, driven by India's interest in buying edible oil. Prior to the peak of holiday demand, India's cooking oil imports are likely to increase from July to October, driven by tighter domestic supply, which is expected to support the price of palm oil in Malaysia. The Malaysian Investment Bank expects the price to face resistance at RM4,807 per tonne and find support at RM4,650 per tonne.

The Malaysian Investment Bank said in a report that palm oil prices rose during the Asian trading period, driven by India's interest in buying edible oil. Prior to the peak of holiday demand, India's cooking oil imports are likely to increase from July to October, driven by tighter domestic supply, which is expected to support the price of palm oil in Malaysia. The Malaysian Investment Bank expects the price to face resistance at RM4,807 per tonne and find support at RM4,650 per tonne.