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Malaysia's benchmark January palm oil futures fell 0.49% to 4,658 ringgit per tonne on Monday. Crude oil dropped more than 1%, weakening the competitiveness of palm biodiesel, while gains in Dalian and Chicago soyoil limited the decline.
A weaker ringgit and strong private estimates of October export growth also cushioned prices.
Weaker crude reduces biodiesel demand for palm, a bearish factor. Firmer soyoil and a softer ringgit provide substitution and export support that limits the downside.
bioenergytimes.comRandhir PatilNov 2, 2026Not 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.
