Malaysian palm oil futures fell around 1.7% on Monday, slipping below MYR 4,500 per tonne and marking the second session of sharp losses. A stronger ringgit and weakness in rival Dalian oils pressured sentiment. Industry data showed end-September inventories rose 7.2% from August to 2.36 million tonnes, the highest in near two years. Separately, Kuala Lumpur projects average crude palm oil prices in 2026 to range between MYR 3,900 and MYR 4,100, citing increased global supply and stronger output from competing oils. In top buyer India, October demand is expected to fall below 600,000 tonnes after a 16% drop in September. Still, losses were capped by strong exports, with Malaysian shipments rising 9.9–19.4% in the first 10 days of October, according to cargo surveyors. Output shrank 0.73% in September to 1.84 million tonnes, the first monthly drop in three months. Meanwhile, crude oil prices rebounded after President Trump softened his stance on China, signaling openness to trade talks.
