Palm set for monthly decline on sluggish exports and stronger ringgit

JAKARTA: Malaysian palm oil futures rose on Friday, supported by gains in Dalian and Chicago soyoils, but were poised for a monthly drop as sluggish exports and a stronger ringgit weighed on prices. The benchmark palm oil contract for May delivery on the Bursa Malaysia Derivatives Exchange gained 36 ringgit, or 0.9%, to 4,041 ringgit ($1,039.89) a metric ton by 0232 GMT. The contract has fallen 4.4% so far in February, heading for its steepest monthly decline since April 2025.