Malaysian palm oil futures plunged around 1.5% to below MYR 4,200 per tonne, extending losses since mid-October to revisit a 12-week low. The steep drop followed weakness in rival edible oils on the Dalian exchange, while sentiment was further pressured by concerns over global demand and uncertain weather that could affect output in early 2026. In the near term, demand prospects dimmed as winter approaches, when consumption typically slows in key buyers such as India and China. Still, cargo survey data showed exports of Malaysian palm oil products rose between 4.3% and 5.2% in October, though traders expect momentum to ease in the months ahead. Adding to the bearish tone, private survey data pointed to a slowdown in factory activity in October. Meanwhile, Indonesia’s statistics agency said the country exported 17.58 million tons of crude and refined palm oil in January–September, up 11.6% from a year earlier, underscoring abundant global supply.
