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2025-09-18 18:23:43
Oil and Fats Market Volatility Intensifies, Soybean Oil Leads Palm Oil Decline] (1) Palm oil futures prices fell on Thursday, reversing gains from the previous session, primarily due to weaker soybean oil prices in the Dalian and Chicago markets. (2) The benchmark December palm oil contract closed down 41 ringgit, or 0.92%, at 4,434 ringgit per metric ton on the Bursa Malaysia Derivatives Exchange. (3) The main soybean oil contract on the Dalian exchange fell 1.64%, while the palm oil contract fell 2%. Meanwhile, soybean oil prices on the Chicago Board of Trade also fell 0.73%. (4) A Kuala Lumpur trader stated that the market is currently focused on soybean oil, and its weakness has directly impacted palm oil prices. (5) The market was also impacted by the US biofuel proposal, which disappointed the market, causing Chicago soybean futures to fall for a second consecutive day. (6) A Brazilian court rejected a request from a farmers' group, upholding a trade ban on soybeans grown on some recently deforested land in the Amazon region. (7) As part of the global vegetable oil market, palm oil prices generally track those of competing edible oils. ⑻ Although the Malaysian ringgit depreciated 0.17% against the US dollar, making palm oil cheaper for foreign buyers, the market remained stagnant. ⑼ Institutional data showed that between September 1 and 15, Malaysia's palm oil exports showed mixed growth and decline, with one agency indicating a 2.6% increase and another showing a 0.1% decrease.
