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Malaysian palm oil futures fell 2.65% to MYR 4,377 per tonne, their lowest level since June. A stronger ringgit and declines in Dalian and Chicago edible oils weighed on sentiment.
Indonesia also cut its November reference price by 6.07% to USD 978.90 a tonne.
A stronger ringgit makes palm oil dearer for overseas buyers, and forecast record October stockpiles add supply pressure. Together these point to softer palm and edible oil prices, which feed into feed-fat costs.
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.