Palm oil futures rose to over MYR 4,000 per tonne on Tuesday, increasing for a third session to a 7-week high amid a plunging ringgit and concerns of supply disruptions for edible oils. The escalation of the war in Ukraine brought fears that Moscow may opt out of extending the current agreement that enables trade out of Ukrainian Black Sea Ports. Making the situation worst, Russian kamikaze drones hit sunflower oil tanks in the port city of Mykolaiv. On top of that, Southeast Asian palm oil production may drop from November to February due to potential La Nina weather disruption. On the other hand, recent data showing that Malaysia’s end-September palm oil inventories widened to the highest level in almost three years kept a lid on the price increase.