# Palm Oil Hovers Near MYR 4,500 as Bearish Factors Weigh

> 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.

- Date: 2026-11-04 · published 2026-11-04T15:06:30.061Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/79869-palm-oil-hovers-near-myr-4-500-as-bearish-factors-weigh
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

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.

## Read by commodity

- BRENT: bearish ▼
- PALMOIL: bearish ▼

## Sources

- tradingview.com: https://www.tradingview.com/news/te_news:597918:0-palm-oil-hovers-near-myr-4-500-as-bearish-factors-weigh/

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