Soybean oil gained as much as 0.3% after the US department of agriculture announced more sales of American soybeans, along with the first known sales of wheat, to China on Friday.

“However, market players expect the rise in palm prices to be capped by expectations of growing supply.

“Malaysia’s October palm oil data shows inventory build-up, which has resulted in overhang,” said Budiman Suwardi, head of treasury and markets at Borneo Agri-Resources International.

“This would be a key fundamental drag in palm oil prices,” he added.

Meanwhile, the Malaysian currency remains strong, dimming the appeal of the ringgit-denominated cooking oil for price-sensitive buyers.