Malaysian palm oil futures edged lower to around MYR 4,450 per tonne on Tuesday, extending losses for a fourth session amid a stronger ringgit and weakness in Dalian oils. Sentiment was further rattled by renewed U.S.-China trade tensions after Trade Representative Jamieson Greer signaled a meeting between President Trump and Xi Jinping later this month had yet to be confirmed. Reports also indicated that Washington may curb certain trade ties with Beijing, including in cooking oil, with President Trump accusing China of deliberately cutting soybean imports from the U.S. Meanwhile, Malaysia trimmed its November crude palm oil reference price, keeping the export duty unchanged at 10%. Losses were offset by news that top producer Indonesia may regulate crude palm oil exports to secure domestic biodiesel supply. Meanwhile, Malaysia’s palm oil output fell 0.73% in September to 1.84 million tonnes, the first drop in three months, the latest data from the Malaysian Palm Oil Board showed.
