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Malaysian palm oil futures slipped below MYR 4,700 per tonne as weaker crude reduced palm's biodiesel appeal and inventories hit record highs. Malaysia's Finance Ministry is reportedly assessing a proposal to suspend crude palm oil export taxes, and stocks are expected to exceed 3 million tonnes by year-end.
Rising inventories and possible export tax relief would increase available palm supply, which is bearish for palm oil prices and substitute vegetable oils. The Malaysian Palm Oil Board's report due November 10 is the next key signal.
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tradingview.comNov 2, 2026tradingview.comNov 3, 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.
