Malaysian palm oil futures fell below MYR 4,350 per tonne on Tuesday, extending losses for the third straight session to hit a four-week low. The bearish momentum was driven by weaker Dalian and Chicago edible oil markets and a stronger ringgit. Meanwhile, export estimates softened, with October 1–25 shipments down between 0.3–0.4% month-on-month, according to cargo surveyors. Sentiment was further pressured by concerns over global demand and unpredictable weather that could impact output in early 2026. Cheaper crude oil also dampened palm oil’s attractiveness as a biodiesel feedstock. Losses were partially offset by optimism surrounding a potential U.S.-China trade deal, with Presidents Trump and Xi Jinping expected to meet later this week at the APEC summit in South Korea. Meanwhile, in top producer Indonesia, plans to introduce an E10 ethanol blend by 2027–2028, gradually moving to E20, could boost domestic palm oil use in biodiesel, highlighting long-term regional demand support.

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