Malaysian palm oil futures traded below MYR 4,450 per tonne, extending losses that began in early May and notching their lowest level in a month. A stronger ringgit weighed on sentiment, alongside weakness in rival edible oils traded on the Dalian and Chicago exchanges. So far this week, contracts have declined around 2.2%, dragged by softer demand in the key buyer India. According to the Mumbai-based Solvent Extractors’ Association of India, the country’s palm oil imports plunged 26% in April from the prior month to the lowest level in four months, as weak institutional demand and a recent price rally narrowed palm oil’s discount against competing oils, discouraging refiners from increasing purchases. Meanwhile, export signals for May were mixed: AmSpec Agri noted shipments down 10.8%, while Intertek reported an 8.5% rise. Traders now keep an eye on a Beijing summit between U.S. President Trump and China’s Xi Jinping, with agricultural trade expected to stay in focus.

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