Malaysian palm oil futures dropped below MYR 4,500 per tonne, down for a third session as a stronger ringgit weighed on sentiment. Meantime, Kuala Lumpur expects crude palm oil prices next year to range between MYR 3,900 and MYR 4,100, citing higher global supply and stronger output from rival oils. Industry data showed end-September stocks rose 7.2% from August to 2.36 million tonnes, the highest in almost two years. In India, the world’s largest palm oil buyer, October demand is projected to fall below 600,000 tonnes after a 16% fall in September. Losses were offset by signs of firm exports, with Malaysian shipments up between 9.9% to 19.4% in October 1-10, according to cargo surveyors. Data from the Malaysia Palm Oil Board signaled production fell slightly in September, the first monthly drop in three months. Globally, U.S. Treasury Secretary Scott Bessent said Washington is in talks with Beijing to ease trade tensions, with Trump still set to meet Xi in South Korea in late October.
