{
  "id": 10429237,
  "title": "Palm oil falls for a second session on weak rival oils",
  "url": "https://urgent.news/2026/09/28/palm-oil-falls-for-a-second-session-on-weak-rival-oils",
  "topic": "business",
  "section": "Business",
  "published": "2026-09-28T11:24:26.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40441620/palm-oil-falls-for-a-second-session-on-weak-rival-oils"
  },
  "original_language": "en",
  "account": "Malaysian palm oil futures declined for the second day in a row on Monday, following a similar trend among comparable vegetable oils on Chicago and Dalian exchanges. The December palm oil contract on the Bursa Malaysia Derivatives Exchange slipped 9 ringgit, or 0.19%, to 4,663 ringgit ($1,142.05) per metric ton at the day's close. The price fluctuated between 4,642 ringgit and 4,720 ringgit, following a 4.61% decline last week. A trader in Kuala Lumpur stated that the contract was buoyed by strong crude oil prices and a weaker ringgit, but strong Dalian and Chicago oils limited gains. Dalian's leading soyoil contract shed 0.84%, while its palm oil contract dropped 1.6%. Palm oil prices mirror those of rival edible oils, as they vie for a piece of the global vegetable oils market. Meanwhile, Brent crude rose over 3% on Monday after US President Donald Trump rejected a proposed peace deal from Iran to resolve their dispute and reopen the Strait of Hormuz. Palm oil becomes a more appealing choice for biodiesel feedstock when crude oil prices climb. The weakening of the ringgit, down 0.25% against the dollar, made the commodity a bit more affordable for buyers who hold foreign currencies. Analyst Wang Tao from Reuters projected that palm oil prices could continue to fall in the range of 4,588-4,622 ringgit per ton. Malaysian palm oil exports for September 1-25 are estimated to have fallen between 15.1% and 24.3% compared to the previous month, according to cargo surveyors Intertek Testing Services and AmSpec Agri Malaysia. Indonesia's palm oil exports in July were 3.19 million metric tons, a 9.87% decrease from the same period in the previous year, as reported by the palm oil association GAPKI on Monday.",
  "summary": "JAKARTA: Malaysian palm oil futures dropped for the second consecutive session on Monday, tracking rival vegetable oils on Chicago and Dalian exchanges, though stronger crude prices and a softer ringgit capped losses. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 9 ringgit, or 0.19%, to 4,663 ringgit ($1,142.05) a metric ton at closing. The…",
  "key_points": [
    "Malaysian palm oil futures drop 0.19% for second day",
    "December contract declines to 4,663 ringgit per metric ton",
    "Dalian and Chicago oils limit gains for palm oil"
  ],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 2,
    "also_reported_by": [
      {
        "outlet": "Business Recorder",
        "title": "Palm oil falls for second session on weaker rivals By Bernadette Christina",
        "url": "https://urgent.news/2026/09/28/palm-oil-falls-for-second-session-on-weaker-rivals-by-bernadette",
        "published": "2026-09-28T06:35:23.000Z"
      }
    ]
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}