# Malaysia palm oil prices decline 0.49% as crude oil slump weighs on biodiesel demand

> 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.

- Date: 2026-11-02 · published 2026-11-02T09:07:13.759Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/75213-malaysia-palm-oil-prices-decline-0-49-as-crude-oil-slump-weighs-on-biodiesel
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md)

## Why it matters

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.

## Read by commodity

- PALMOIL: bearish ▼

## Sources

- bioenergytimes.com: https://bioenergytimes.com/malaysia-palm-oil-prices-decline-0-49-as-crude-oil-slump-weighs-on-biodiesel-demand/

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