23.02.202604:46:51UTC+00Palm Oil Slips Further to Open the Week

Malaysian palm oil futures extended their decline on Monday, trading below MYR 4,090 per tonne, pressured by a stronger ringgit and weaker Chicago soyoil futures. Market sentiment also turned cautious after the U.S. Supreme Court struck down President Donald Trump’s broad tariff measures, introducing fresh uncertainty into global agricultural trade flows and weighing on competing edible oils. Export worries persisted as well, with cargo surveyors estimating that Malaysian palm oil shipments for February 1–20 were down between 8.9% and 12.6% from the previous month.

However, the downside was limited by expectations that China’s Dalian Commodity Exchange would resume trading on Tuesday following a week-long Spring Festival break. In India, the world’s largest buyer, palm oil imports jumped 51% in January to a four-month high, supported by a widening discount to soyoil. At the same time, industry data showed Malaysian palm oil inventories fell 7.7% month-on-month in January 2026, while production declined 13.8%, providing some fundamental support to prices.