Palm Oil Falls for 3rd Session

2026-02-24 04:56 By Farida Husna 1 min. read

Malaysian palm oil futures hovered below MYR 4,080 per tonne on Tuesday, extending losses for a third straight session amid persistent concerns over weaker exports.

Cargo surveyors estimated shipments for February 1–20 fell between 8.9% and 12.6% from the previous month, signaling softer demand despite Ramadan and the upcoming Eid al-Fitr celebration.

The Malaysian Palm Oil Council also flagged risks from ample global soybean supplies and rising Chinese soybean oil exports, which could intensify competition in the edible oils market.

Still, downside pressure was limited by a weaker ringgit and firmer edible oil prices on the Chicago market.

Trading on China’s Dalian exchange also resumed after the Spring Festival break, lending some support.

Looking ahead, demand from the top buyer, India, is projected to rebound in 2026 on better price competitiveness, potentially reaching 800,000 tons.

The council expects palm oil prices to consolidate in the MYR 4,000–4,300 per tonne range in March.



News Stream
Palm Oil Falls for 3rd Session
Malaysian palm oil futures hovered below MYR 4,080 per tonne on Tuesday, extending losses for a third straight session amid persistent concerns over weaker exports. Cargo surveyors estimated shipments for February 1–20 fell between 8.9% and 12.6% from the previous month, signaling softer demand despite Ramadan and the upcoming Eid al-Fitr celebration. The Malaysian Palm Oil Council also flagged risks from ample global soybean supplies and rising Chinese soybean oil exports, which could intensify competition in the edible oils market. Still, downside pressure was limited by a weaker ringgit and firmer edible oil prices on the Chicago market. Trading on China’s Dalian exchange also resumed after the Spring Festival break, lending some support. Looking ahead, demand from the top buyer, India, is projected to rebound in 2026 on better price competitiveness, potentially reaching 800,000 tons. The council expects palm oil prices to consolidate in the MYR 4,000–4,300 per tonne range in March.
2026-02-24
Palm Oil Slips Further to Open the Week
Malaysian palm oil futures extended losses on Monday, hovering below MYR 4,090 per tonne, pressured by a firmer ringgit and weaker Chicago soyoil futures. Sentiment also turned cautious after the U.S. Supreme Court struck down President Donald Trump’s sweeping tariffs, adding uncertainty to global agricultural trade flows and weighing on rival edible oils. Export concerns also persisted as cargo surveyors estimated Malaysian palm oil shipments for February 1–20 fell between 8.9% and 12.6% from a month earlier. Still, losses were capped by expectations that China’s Dalian exchange will resume trading on Tuesday after a week-long Spring Festival holiday. In India, the top buyer, palm oil imports surged 51% in January to a four-month high, supported by a wider discount to soyoil. Meanwhile, industry data showed Malaysian inventories fell 7.7% month-on-month in the first month of 2026 while output dropped 13.8%, offering some fundamental support.
2026-02-23
Palm Oil Edges Lower, Poised for First Weekly Gain in Three
Malaysian palm oil futures eased to MYR 4,110 per tonne on Friday after a strong rally in the prior session, weighed down by weaker Chicago soyoil and a firmer ringgit. Trading was relatively muted with China’s Dalian exchange shut for the Spring Festival. Meanwhile, export concerns deepened after AmSpec Agri Malaysia reported that February 1–20 shipments of Malaysian palm oil dipped 12.6% from January, reflecting softer demand even as Ramadan has kicked off, followed by Eid al-Fitr celebration. Still, futures are set for a weekly gain of 1.4%, snapping two weeks of losses. Support came from the top buyer India, where January palm oil imports surged 51% mom to a four-month high, while Malaysian inventories fell 7.7% and production dropped 13.8%, tightening supply. In Indonesia, the world’s top producer, a new U.S. trade pact preserved a reduced 19% tariff, well below the initially proposed 32%, and granted tariff-free access for some commodities, including palm oil.
2026-02-20