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Malaysian palm oil futures fell 2.72% to RM4,258 per tonne, their lowest level since June, while Indonesian cash prices also weakened. September Malaysian output rose 16.5% month on month and stocks increased 31.9% to 2.16 million tonnes, as exports fell 12.1%; Indonesian supply added further pressure.
High inventories and additional Indonesian supply weigh on available palm oil prices. The bearish pressure may persist unless stronger exports meaningfully reduce stocks.
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.