Palm Oil Steadies After Recent Losses

2026-10-05 03:34 By Farida Husna 1 min. read

Malaysian palm oil futures were little changed after recent weakness, with bargain hunters stepping in after prices hit their lowest since mid-July last week.

Sentiment stayed fragile as futures held below MYR 4,500 per tonne, pressured by rising production, inventories seen topping three million tonnes, and sluggish exports.

Cargo surveyors estimated September shipments fell 17.1%–28.8% month-over-month, underscoring demand concerns.

Simultaneously, chicago soyoils edged higher, while Dalian markets were closed for China’s Golden Week.

Analyst Dorab Mistry expects prices to hover between MYR 4,500–5,000 through December, with elevated stocks capping gains despite El Niño-driven supply risks next year.

In top buyer India, palm oil imports are set to remain steady in 2026/27 after a duty cut, while lower edible-oil tariffs ahead of the festive season may lift near-term demand.

Still, weaker crude oil prices following a G7 stock release reduced palm oil’s appeal as a biodiesel feedstock.



News Stream
Palm Oil Steadies After Recent Losses
Malaysian palm oil futures were little changed after recent weakness, with bargain hunters stepping in after prices hit their lowest since mid-July last week. Sentiment stayed fragile as futures held below MYR 4,500 per tonne, pressured by rising production, inventories seen topping three million tonnes, and sluggish exports. Cargo surveyors estimated September shipments fell 17.1%–28.8% month-over-month, underscoring demand concerns. Simultaneously, chicago soyoils edged higher, while Dalian markets were closed for China’s Golden Week. Analyst Dorab Mistry expects prices to hover between MYR 4,500–5,000 through December, with elevated stocks capping gains despite El Niño-driven supply risks next year. In top buyer India, palm oil imports are set to remain steady in 2026/27 after a duty cut, while lower edible-oil tariffs ahead of the festive season may lift near-term demand. Still, weaker crude oil prices following a G7 stock release reduced palm oil’s appeal as a biodiesel feedstock.
2026-10-05
Palm Oil Set for Second Weekly Drop as Supply, Weak Exports Weigh
Malaysian palm oil futures extended their decline, lingering below MYR 4,550 per tonne at their lowest level since mid-July. For the week, futures are heading for a second straight weekly loss, down around 3.1% so far. Sentiment was pressured by rising inventories, with August stocks reaching an eight-month high and expected to surpass 3 million tonnes in September. Weak demand further weighed on sentiment, with cargo surveyors estimating a 17.1%-28.8% mom drop in palm oil exports for September. Meanwhile, China’s Dalian markets were closed for a Golden Week holiday, limiting trading cues. Still, losses were tempered by forecasts that palm oil imports by top buyer India will remain steady in the 2026/27 marketing year following an import-duty cut. Lower edible-oil duties ahead of the festive season could also support near-term demand. Elevated crude oil prices offered additional support amid persistent Middle East uncertainty, improving the appeal of palm oil as a biodiesel feedstock.
2026-10-02
Palm Oil Hits Mid-July Low on Weak Exports, Supply Pressure
Malaysian palm oil futures extended recent declines, hovering near MYR 4,600 per tonne to notch their lowest level since mid-July, pressured by weaker soyoil prices and sluggish exports. Cargo surveyors Intertek Testing Services and AmSpec Agri Malaysia reported that Malaysian palm oil product exports fell 17.1%-28.8% month-on-month in September, while inventories reached an eight-month high in August and were expected to exceed 3 million tonnes in September. Simultaneously, palm oil production in Malaysia surged 20.84% in the first 25 days of September, adding to supply pressure. Crude oil prices also eased amid signs of recovering Middle East flows, while China’s markets were closed for the Golden Week holiday. Still, a weaker ringgit limited losses. Meanwhile, palm oil imports by top buyer India are expected to hold steady in the 2026/27 marketing year after an import-duty cut, while lower vegetable-oil duties ahead of the festive season could support near-term demand.
2026-10-01