Palm Oil Futures Extend Slide to Three-Week Low

2026-06-15 03:23 By Farida Husna 1 min. read

Malaysian palm oil futures fell further, hovering below MYR 4,500 per tonne and hitting their lowest level in three weeks, pressured by a stronger ringgit and weakness in rival edible oils on the Dalian and Chicago exchanges.

Sentiment was further dampened by a sharp drop in crude oil prices, which retreated to their lowest since March, after the U.S.

and Iran reached an initial deal to end hostilities and reopen shipping through the Strait of Hormuz.

Meanwhile, Malaysia's lower July crude palm oil reference price kept export duty at 10%, offering little support to exports.

Still, losses were capped by firmer demand, with cargo surveyors noting shipments during June 1–10 rose between 3.5% and 4.9% from May.

Weather risks also lent support after Kuala Lumpur warned El Niño could cut yields by 8%–10% this year.

In top buyer India, palm oil imports edged higher in May from April's four-month low but stayed below normal as refiners favored cheaper soyoil amid palm oil’s narrowing premium.



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Palm Oil Futures Extend Slide to Three-Week Low
Malaysian palm oil futures fell further, hovering below MYR 4,500 per tonne and hitting their lowest level in three weeks, pressured by a stronger ringgit and weakness in rival edible oils on the Dalian and Chicago exchanges. Sentiment was further dampened by a sharp drop in crude oil prices, which retreated to their lowest since March, after the U.S. and Iran reached an initial deal to end hostilities and reopen shipping through the Strait of Hormuz. Meanwhile, Malaysia's lower July crude palm oil reference price kept export duty at 10%, offering little support to exports. Still, losses were capped by firmer demand, with cargo surveyors noting shipments during June 1–10 rose between 3.5% and 4.9% from May. Weather risks also lent support after Kuala Lumpur warned El Niño could cut yields by 8%–10% this year. In top buyer India, palm oil imports edged higher in May from April's four-month low but stayed below normal as refiners favored cheaper soyoil amid palm oil’s narrowing premium.
2026-06-15
Palm Oil Heads toward Fourth Weekly Gain
Malaysian palm oil futures edged higher to above MYR 4,550 per tonne, extending recent gains. The market was also on track for a fourth straight weekly advance, up around 0.3% so far this week. Sentiment remained supported by stronger export demand, with cargo surveyors estimating that Malaysian palm oil shipments during June 1–10 rose between 3.5% and 4.9% from the same period a month earlier. Traders also tracked weather risks after Kuala Lumpur warned that El Niño could cut yields by 8% to 10% this year. However, upside was capped by a stronger ringgit and weaker rival oils in Dalian and Chicago markets. Meanwhile, crude oil continued to slide, as Middle East tensions eased, reducing support for vegetable oils. On the demand side, imports by top buyer India grew slightly in May from April’s four-month low but stayed below normal levels. Separately, industry data showed Malaysia’s inventories increased for a second month in May, underscoring ample supply.
2026-06-12
Palm Oil Extends Gains
Malaysian palm oil futures rose for a second straight session, hovering around MYR 4,550 per tonne, supported by a weaker ringgit and stronger edible oil prices on the Dalian and Chicago exchanges. Sentiment was further lifted by rising exports, with cargo surveyors noting that Malaysian palm oil shipments during June 1–10 rose between 3.5% and 4.9% from the prior month. Additional support came from the broader energy market, where oil prices surged amid heightened concerns over Middle East supply disruptions, boosting the outlook for biodiesel demand. However, upside was capped as industry data showed Malaysia’s stocks rose for a second month in May. Meanwhile, demand from top buyer India rose slightly in May from April’s four-month low, remaining below typical levels. In Indonesia, the world’s largest producer, the government launched new technical rules for key commodity exports, including palm oil, unsettling exporters and injecting fresh uncertainty into near-term trade flows.
2026-06-11