Malaysian palm oil futures fell for a second session on Tuesday, trading below MYR 4,100 per tonne and hitting their lowest in near two weeks. Sentiment remained pressured by declines in rival soyoil in both Dalian and Chicago markets. Additional weakness stemmed from expectations of rising inventories, with Reuters projecting Malaysian stockpiles could reach a 6-1/2-year high by end-November. On the export side, cargo surveyor Intertek noted a 19.7% mom drop in November shipments. Caution also grew ahead of China’s CPI and PPI releases, as persistent deflation risks cloud demand prospects. Still, a weaker ringgit limited losses, alongside concerns of potential supply disruptions due to flooding in key producing regions. In top buyer India, refiners reportedly cancelled around 70,000 tonnes of crude soyoil for December–January delivery amid high global prices and a weaker rupee, shifting preference toward palm oil. Seasonal buying ahead of Lunar New Year and Ramadan also lent support.
