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2025-10-31 18:22:07
Palm oil futures closed lower, mainly due to the combined pressure of weak demand and rising production. Palm oil futures fell 55 ringgit to 4,205 ringgit per tonne on the Bursa Malaysia Derivatives Exchange. High inventory levels in Malaysia continue to put downward pressure on prices. Competition from alternative oils such as soybean oil has further exacerbated the downward pressure on the palm oil market. As Malaysia enters its traditional production reduction cycle, prices are expected to rebound moderately in the fourth quarter. However, institutions predict that this rebound will be limited and unlikely to replicate the strong gains seen in the same period last year. The current market environment remains bearish, and the degree of improvement in demand will be key to future price movements.
