Palm Oil Remains Weak

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.

Profit
Everyone's racing to cut costs. We're racing to create profit.
Start Selling through Service



