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Malaysian palm oil futures slipped below MYR 4,650 per tonne as softer rival oils in Dalian and Chicago weighed, with the benchmark set to close the week down about 1.7%. Indonesia cut its August crude palm oil reference price to USD 996.52 from USD 1,000.90, yet prices remained about 2% higher for the month.
Palm is trading with crude and rival vegetable oils, and July's gain is supported by export demand, biodiesel mandates and El Niño concerns. The weaker reference price and softer energy prices point to modest near-term downside pressure.
tradingeconomics.comFarida HusnaJul 31, 2026Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
