Malaysian palm oil futures fell below MYR 4,250 per tonne, extending their recent decline amid weakness in rival edible oils on the Dalian market and a stronger ringgit. Prices hovered at their lowest in 12 weeks and were set for a second consecutive weekly and monthly drop, down around 4.4% and 2.9% so far, respectively. Sentiment was pressured by signs of sluggish exports in October and bets of softer demand as winter approaches, when consumption in key importing countries typically slows. Adding to the bearish tone, official PMI data from China showed a loss of economic momentum in October. At the same time, the temporary U.S.-China trade truce failed to lift market confidence, as traders viewed it as a tactical pause rather than a genuine breakthrough. In top producer Indonesia, officials are seeking a similar zero-tariff arrangement with the U.S. to match Malaysia’s terms and boost the competitiveness of its palm oil exports.

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