Malaysia Palm Oil Futures Rise Expected on June 3 as Exports Fall 8.8% in May

According to Jin10 Futures on June 3, Malaysian crude palm oil futures may open higher on Wednesday morning, driven by strength in international crude oil prices. Data from maritime research firm ITS showed Malaysia exported 1.28 million tons of palm oil from May 1–31, down 8.8% from April.

Indonesia began transitioning key commodities, including palm oil, coal, and ferroalloys, to a centralized export model starting June 1, with the newly established state-owned enterprise Indonesia Resources Company (DSI) taking control of export operations. The policy shift has introduced market uncertainty affecting the supply chain.