SINGAPORE/JAKARTA/KUALA LUMPUR — Palm oil prices are jumpy this year, with markets rattled by geopolitical tensions and shifting biofuel policies that are reshaping markets for one of Southeast Asia’s most important commodities.
Indonesia and Malaysia, which together produce 85% of the world’s palm oil, face rising uncertainty from U.S. tariffs and the European Union’s anti-deforestation law, which takes effect in December. The recent conflict between Iran and Israel has fueled still more volatility.
