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Malaysia's benchmark October palm oil contract fell 0.49% to 4,660 ringgit early Friday, leaving July up 2.46% for the month. Brent crude dropped 1.16% to about $88 a barrel, and Indonesia cut its August crude palm oil reference price.
Lower Brent reduces biodiesel margins and removes a buyer that supports palm during selloffs. A weaker ringgit partly offsets this by making exports cheaper.
finimize.comFinimize NewsroomJul 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.
