Malaysian palm oil futures rose above MYR 4,850 per tonne as a weaker ringgit improved export competitiveness and firmer edible oils on the Dalian exchange provided support. Bargain buying followed a recent move to a one-week low. Developing El Niño conditions heightened concerns about dryness and possible output cuts in Indonesia and Malaysia, while Indonesia’s B50 biodiesel mandate is scheduled for full implementation on October 1, potentially strengthening domestic consumption and tightening export supply. Gains were capped by softer soybean oil prices on the Chicago exchange and another decline in crude oil. Cargo surveyors estimated Malaysian palm oil product exports from August 1 to 25 fell 11.4% to 20% from the comparable period in July. Malaysian inventories also rose to a five-month high in July, highlighting ample supply.