Malaysian palm oil futures hovered below MYR 4,500 per tonne, retreating for the third session amid weaker vegetable oil prices on the Dalian market. Demand from top buyer India is expected to ease after peaking during the Diwali festival, adding pressure to prices. Globally, uncertainty over a potential meeting between U.S. President Trump and Chinese leader Xi Jinping kept investors cautious, though hopes of a trade deal with Beijing helped limit sharper losses. Signs of rising exports also lent support, with cargo surveyors noting that Malaysia’s palm oil shipments for Oct. 1–20 rose between 2.5% and 3.4% from the same period in Sept. In top producer Indonesia, biodiesel consumption for the first nine months of the year gained almost 10% yoy, signalling stronger domestic demand that may help support prices. Meanwhile, the Malaysian Palm Oil Council said crude palm oil prices are likely to hold above MYR 4,400 heading into 2026 amid uncertain trends in palm and soybean oil exports.
