# Palm Oil Eases But Remains on Track for First Monthly Gain Since March

> 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.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/18437-palm-oil-eases-but-remains-on-track-for-first-monthly-gain-since-march
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md)

## Why it matters

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.

## Read by commodity

- SBO: bearish ▼
- PALMOIL: bearish ▼

## Sources

- tradingeconomics.com: https://tradingeconomics.com/commodity/palm-oil/news/571521

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.