Malaysian palm oil futures extended losses on Monday, hovering below MYR 4,090 per tonne, pressured by a firmer ringgit and weaker Chicago soyoil futures. Sentiment also turned cautious after the U.S. Supreme Court struck down President Donald Trump’s sweeping tariffs, adding uncertainty to global agricultural trade flows and weighing on rival edible oils. Export concerns also persisted as cargo surveyors estimated Malaysian palm oil shipments for February 1–20 fell between 8.9% and 12.6% from a month earlier. Still, losses were capped by expectations that China’s Dalian exchange will resume trading on Tuesday after a week-long Spring Festival holiday. In India, the top buyer, palm oil imports surged 51% in January to a four-month high, supported by a wider discount to soyoil. Meanwhile, industry data showed Malaysian inventories fell 7.7% month-on-month in the first month of 2026 while output dropped 13.8%, offering some fundamental support.
