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Malaysian palm oil futures traded near MYR 4,500 per tonne, touching a one-month low on losses in Dalian and Chicago edible oil markets. Indonesia cut its November CPO reference price by 6.07% to $978.90 per tonne and lowered its export levy, while crude oil eased on US-Iran peace talk hopes.
Palm stocks are expected to top 3 million tonnes by year-end.
Indonesia's lower reference price and levy make Malaysian palm oil less competitive, and ample stocks and weaker crude reduce biodiesel demand support. A weaker ringgit and strong Indian demand offer some offset.
tradingview.comNov 4, 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.
