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2026-02-16 18:17:28
[Malaysian Palm Oil Futures Fall Under Pressure as Exports Plunge and Profit-Taking Exert Pressure] ⑴ Malaysian palm oil futures prices fell on Tuesday as data from shipping surveyor AmSpec Agri Malaysia showed a roughly 15% drop in exports between February 1st and 15th compared to the previous week. ⑵ Kenanga Futures noted in a report that a stronger Malaysian ringgit and profit-taking amid a shorter trading week also put pressure on prices. Analysts at the firm set support at 4,000 ringgit per tonne for the May crude palm oil futures contract and resistance at 4,080 ringgit per tonne. ⑶ The benchmark May contract on the Bursa Malaysia Derivatives Exchange closed down 32 ringgit at 4,014 ringgit per tonne on Tuesday.
