Malaysian palm oil futures hovered around MYR 4,400 per tonne, marking the second straight session of declines and nearing their lowest level in three weeks. A stronger ringgit weighed on prices, while demand from top buyer India is expected to ease following the end of the Diwali festival. Sentiment was also rattled by lingering concerns over uncertain global demand and unpredictable weather that could affect production in early 2026. Still, strength in rival Dalian and Chicago edible oils helped limit further declines. Globally, U.S. Treasury Secretary Scott Bessent said President Trump and China’s Xi Jinping are expected to finalize a trade deal this week during the APEC summit in South Korea. He added that China will resume substantial purchases of U.S. soybeans for several years, potentially supporting global vegetable oil demand. In top producer Indonesia, the government recently plans to mandate a 10% bioethanol blend in gasoline by 2027 to reduce dependence on imported fuels.
