# Malaysian palm oil prices plunge 9% in a week, steepest drop in nearly two years

> Malaysian palm oil futures fell 9.04% over the week, their steepest weekly decline since mid-December 2024, as competing soybean oil prices and crude oil weakened. The January contract dropped 2.72% on Friday to 4,258 ringgit per tonne, while a weaker ringgit provided only limited support.

- Date: 2026-11-06 · published 2026-11-07T12:06:31.979Z
- Category: market · region Malaysia · magnitude low
- Page: https://feedsoft.ai/events/85865-malaysian-palm-oil-prices-plunge-9-in-a-week-steepest-drop-in-nearly-two-years
- Commodities: [Palm Oil](https://feedsoft.ai/c/PALMOIL.md), [Soybean Oil](https://feedsoft.ai/c/SBO.md), [Crude Oil (WTI)](https://feedsoft.ai/c/WTI.md), [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md)

## Why it matters

Lower soybean oil prices increase competition for vegetable-oil demand, while weaker crude reduces palm oil's attractiveness as a biodiesel feedstock. Both pressures are bearish for palm oil prices.

## Read by commodity

- SBO: bearish ▼
- WTI: bearish ▼
- BRENT: bearish ▼
- PALMOIL: bearish ▼

## Sources

- ukragroconsult.com: https://ukragroconsult.com/en/news/malaysian-palm-oil-prices-plunge-9-in-a-week-steepest-drop-in-nearly-two-years/

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