26.02.202606:22:05UTC+00Palm Oil Retreats to One Week-Low

Malaysian palm oil futures slipped below MYR 4,030 per tonne on Thursday, extending the previous session’s muted performance as declines in Dalian palm oil and Chicago soyoil pressured market sentiment. Prices hovered near a one-week low, weighed down by a stronger ringgit and sluggish export activity, despite seasonal demand ahead of Ramadan and the Eid al-Fitr holiday.

Cargo surveyor data showed that Malaysian palm oil shipments for February 1–25 fell by 12.1% to 16.1% from the same period in January, adding to the downside pressure. Even so, the medium-term outlook remains mixed. Demand from India, the world’s largest buyer, is projected to improve in 2026 on the back of better price competitiveness, with imports potentially reaching 800,000 tonnes.

At the same time, crude oil prices were trading near multi-month highs amid escalating geopolitical tensions, offering some support to the broader edible oils complex. Looking ahead, the Malaysian Palm Oil Council expects prices to consolidate in a range of MYR 4,000 to MYR 4,300 per tonne in March.