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Malaysian palm oil futures fell 1.12% on July 31 as weaker rival edible oils, including Chicago soyoil and Dalian palm olein, pressured the market. Cargo surveyors estimated July palm exports fell between 6.7% and 9.6%, adding to concerns over rising output and sluggish export demand.
Softer soyoil and weak exports point to near-term downside for palm and rival vegetable oils, with palm's discount to soyoil still shaping Indian demand. Lower crude oil also reduces palm's attractiveness as biodiesel feedstock.
brecorder.comReutersJul 31, 2025Not 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.
