Malaysian palm oil futures surged approximately 2.5%, reaching MYR 4,500 per tonne. This marks the fourth consecutive session of gains as trading resumed post-Eid-ul-Fitr celebrations. The prices are nearing a two-week high, buoyed by Intertek Testing Services' report indicating a 0.4% rise in Malaysian palm oil exports for March. In the United States, an oil and biofuel coalition reportedly engaged with the Environmental Protection Agency, advocating for increased federal mandates on biomass diesel blending. Meanwhile, in China, a key buyer in the market, the manufacturing sector demonstrated resilience in March despite facing tariff challenges. The Malaysian Palm Oil Council (MPOC) forecasts stabilization in prices in the short term due to recovery in production and demand from markets such as India. However, the potential for seasonal production recovery in March may cap further price increases. While this recovery is expected to gradually boost inventory, the MPOC does not foresee significant supply pressure.