Malaysian palm oil futures traded below MYR 4,650 per tonne, retreating from a recent rally as investors locked in profits after prices reached a two-week high. Sentiment was also pressured by weakness in competing edible oils on the Dalian and Chicago exchanges, while lower crude oil prices reduced support for the vegetable oil complex. Fundamentals remained bearish as a Reuters survey projected Malaysia’s palm oil inventories to rise for a second straight month in May, with sluggish exports offsetting lower output. Cargo surveyors reported shipments fell 8.8%–15.5% in May from April, underscoring weak overseas demand. Meanwhile, palm oil purchases by India, the world’s largest buyer, increased slightly from April’s four-month low but remained below normal levels. Moreover, uncertainty over Indonesia’s export policies and stronger competition from alternative oils added pressure. Still, a softer ringgit helped cushion losses by improving the appeal of Malaysian exports.

Octalas AI

الربح

الجميع يسارعون إلى خفض التكاليف. أما نحن، فنسرع نحو تحقيق الأرباح.

ابدأ البيع من خلال تقديم الخدمات

ابدأ الفترة التجريبية

مجانًا لمدة 14 يومًا · لا حاجة لبطاقة ائتمان