Malaysian palm oil futures fell below MYR 4,150 per tonne, snapping gains from the previous two sessions amid a stronger ringgit and weakness in Dalian palm olein. Meanwhile, data from the Malaysian Palm Oil Board showed end-October stocks at a 6-1/2-year high, while production surged 11.02% to its highest since August 2015. On the export front, cargo surveyors reported shipments of Malaysian palm oil dropped between 9.5–12.3% during the first ten days of November, on softer foreign demand. Still, losses were capped by estimates that top producer Indonesia may raise its biodiesel mandate to 50% from 40% by H2 2026, potentially affecting major importers like India and China. Meantime, the northeast monsoon, expected later this week and to persist through March 2026, could disrupt harvesting activities, providing additional support to prices. Globally, the record U.S. government shutdown may end soon, with the House expected to approve the deal later this week, boosting risk sentiment.
