Global edible oil markets are behaving unpredictably due to unexpected energy supply disruptions from the Middle East war and high hopes for biodiesel demand. However, subdued buying from major importers has clouded the price outlook. Malaysian palm oil prices have risen by 14% this month to trade above 4,600 ringgit per ton, making it more expensive than rival soyoil. Indian importers have been hit by this, with several sooil cargoes from South America and the Black Sea washed out after global soooil prices surged. Dorab Mistry, director of Indian consumer goods company Godrej International, has forecasted that palm oil futures will trade in a range of 3,800–4,300 ringgit until July 2026.