# Palm Oil Slips, But July Still Looks Like A Win - Finimize

> 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.

- Date: 2026-07-31 · published 2026-07-31T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/18442-palm-oil-slips-but-july-still-looks-like-a-win-finimize
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower Brent reduces biodiesel margins and removes a buyer that supports palm during selloffs. A weaker ringgit partly offsets this by making exports cheaper.

## Read by commodity

- BRENT: bearish ▼
- PALMOIL: bearish ▼

## Sources

- finimize.com: https://finimize.com/content/palm-oil-slips-but-july-still-looks-like-a-win

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