Palm ends lower following Dalian’s drop

Malaysian palm oil futures reversed previous gains and fell on Tuesday after the market followed softening of rival vegetable oils prices at the Dalian market. The benchmark palm oil contract FCPO1! for January delivery on the Bursa Malaysia Derivatives Exchange lost 5 ringgit, or 0.11%, to 4,508 ringgit ($1,067.23) a metric ton at the close. Dalian’s most-active soyoil contract (DBYcv1) lost 0.22%, while its palm oil contract CPO1! fell 0.81%. Soyoil prices on the Chicago Board of Trade ZL1! were up 0.12%. Palm oil tracks price movements of rival edible oils, as it competes for a share of the global vegetable oils market. The Malaysian Palm Oil Council said on Tuesday that crude palm oil prices will hold steady above 4,400 ringgit ($1,042) per metric ton heading into 2026, amid uncertain palm and soybean oil exports. According to cargo surveyor Intertek Testing Services, exports of Malaysian palm oil products for October 1-20 rose 3.4% compared to the September 1-20 period, while ...