Malaysian palm oil futures fell 9.04% during the week, the largest weekly decline since mid-December 2024, and the January contract closed Friday at 4,258 ringgit per tonne. Weak soybean oil markets and falling crude prices weighed on palm oil, while a 0.3% weaker ringgit offered only slight support.
Cheaper competing vegetable oils and reduced biodiesel-feedstock appeal as crude prices fall weigh on palm oil demand and prices. Currency weakness was insufficient to offset those pressures.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
Not enough comparable past events yet for a historical read.
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