# Palm oil market outlook: India demand strong, futures ease on ample vegoil — CMB News

> Malaysian palm oil futures eased across the curve on October 2, with the November contract at MYR 4,411 and December at MYR 4,503. Strong Malaysian exports to India were offset by ample soy, rapeseed and canola supplies. Traders are also removing some El Niño weather premium from deferred contracts.

- Date: 2026-10-02 · published 2026-10-02T12:00:00.000Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/5357-palm-oil-market-outlook-india-demand-strong-futures-ease-on-ample-vegoil-cmb
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Canola Meal](https://feedsoft.ai/c/CANMEAL.md)

## Why it matters

Abundant soy and canola supplies cap vegetable oil prices, although El Niño risk for 2027 yields keeps the deferred curve firm.

## Read by commodity

- CANMEAL: neutral
- PALMOIL: bearish ▼

## Linked price moves

| Commodity | Date | Window | Change % | z-score | Why linked |
| --- | --- | --- | --- | --- | --- |
| PALMOIL | 2026-10-02 | 5 | -6.0% | -3.5 | Ample competing soy, rapeseed and canola supplies and removal of El Niño premium offset strong India demand and pushed futures lower. |

## Sources

- commodity-board.com: https://commodity-board.com/palm-oil-futures-slip-as-india-drives-exports-and-el-nino-looms

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