Palm Oil Retreats to One Week-Low

2026-02-26 06:22 By Farida Husna 1 min. read

Malaysian palm oil futures dipped below MYR 4,050 per tonne on Thursday, extending the previous session’s subdued tone as losses in Dalian palm oil and Chicago soyoil weighed on sentiment.

Prices hovered around a one-week low, pressured by a firmer ringgit and weak export performance, despite seasonal demand linked to Ramadan and the upcoming Eid al-Fitr festival.

Cargo surveyors estimated that Malaysian palm oil shipments for February 1–25 dropped between 12.1% and 16.1% compared with the same period in January, reinforcing downside pressure.

Still, the broader outlook remains mixed.

Demand from India, the top buyer, is expected to recover in 2026 amid improved price competitiveness, with imports potentially hitting 800,000 tonnes.

Meanwhile, crude oil prices held near multi-month highs amid heightened geopolitical tensions, lending some support to the edible oils complex.

The Malaysian Palm Oil Council expects prices to consolidate within the MYR 4,000–4,300 per tonne range in March.



News Stream
Palm Oil Retreats to One Week-Low
Malaysian palm oil futures dipped below MYR 4,050 per tonne on Thursday, extending the previous session’s subdued tone as losses in Dalian palm oil and Chicago soyoil weighed on sentiment. Prices hovered around a one-week low, pressured by a firmer ringgit and weak export performance, despite seasonal demand linked to Ramadan and the upcoming Eid al-Fitr festival. Cargo surveyors estimated that Malaysian palm oil shipments for February 1–25 dropped between 12.1% and 16.1% compared with the same period in January, reinforcing downside pressure. Still, the broader outlook remains mixed. Demand from India, the top buyer, is expected to recover in 2026 amid improved price competitiveness, with imports potentially hitting 800,000 tonnes. Meanwhile, crude oil prices held near multi-month highs amid heightened geopolitical tensions, lending some support to the edible oils complex. The Malaysian Palm Oil Council expects prices to consolidate within the MYR 4,000–4,300 per tonne range in March.
2026-02-26
Palm Oil Rises After Three-Session Slide
Malaysian palm oil futures rose to around MYR 4,070 per tonne on Wednesday, snapping a three-session losing streak as strength in rival edible oils on the Dalian and Chicago exchanges lent support. Meanwhile, demand from India, the world’s largest buyer, is expected to recover in 2026 amid improved price competitiveness, with imports potentially reaching 800,000 tonnes. Crude oil prices also hovered near multi-month highs amid heightened geopolitical tensions, offering additional support to palm oil. Domestically, the Malaysian Palm Oil Council expects prices to consolidate within the MYR 4,000–4,300 per tonne range in March. However, gains were limited by concerns over sluggish exports despite the ongoing Ramadan and the upcoming Eid al-Fitr festival. Cargo surveyors estimated shipments for February 1–20 fell between 8.9% and 12.6% from the prior month. Further pressure stemmed from ample global soybean supplies and rising Chinese soybean oil exports.
2026-02-25
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