
Malaysian palm oil futures fell for a third straight session to a four-month low on Wednesday, with the January contract down 1.21% to 4,496 ringgit per ton. Polls estimated Malaysian October palm oil stocks rose 6.8% from September's record to 3.75 million tons.
Weaker Dalian palm olein and softer crude also weighed on the market.
Expectations of record Malaysian inventories signal ample palm oil supply, which pressures prices and competes with soyoil and other vegetable oils used in feed. Lower palm prices can make palm-based feed ingredients cheaper for buyers.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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