Malaysian palm oil futures rebounded toward MYR 4,790 per tonne after recent declines, supported by a weaker ringgit, firmer edible oils on the Dalian market and India’s decision to reduce basic import duties on crude and refined vegetable oils ahead of the September-November festive season. The move is intended to help curb domestic food inflation and could support demand. Supply concerns also provided support, with Indonesia expected to experience a shorter-than-usual wet season from November, potentially affecting crops. Gains were limited by expectations that Malaysian end-stocks could reach around 3 million tonnes or slightly higher by September-end, as production rises by double digits, particularly in Sabah. Cargo surveyors estimated Malaysian exports fell 12.8% to 24.7% month on month between September 1 and 20. Softer crude prices amid improving Gulf supply also weighed on sentiment. Earlier demand indicators showed India’s August palm oil imports rose 7% from July to 782,761 tonnes, while Malaysia raised its October crude palm oil reference price and kept its export duty at 10%.