{
  "id": 11362580,
  "title": "Palm hits 13-week low, on track for second straight weekly loss",
  "url": "https://urgent.news/2026/10/02/palm-hits-13-week-low-on-track-for-second-straight-weekly-loss",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-02T05:11:53.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442320/palm-hits-13-week-low-on-track-for-second-straight-weekly-loss"
  },
  "original_language": "en",
  "account": "Malaysian palm oil futures have been sliding for a sixth consecutive day, hitting their lowest level in 13 weeks as weak export data and high inventories weigh on prices. The December delivery contract on the Bursa Malaysia Derivatives Exchange fell 0.57% to 4,528 ringgit per metric ton by midday, after dipping to its lowest point since July 3 earlier in the day. This decline is part of a broader trend where the contract has lost 3.08% this week. Experts attribute this downward pressure to poor export performance, higher domestic production, and a growing stockpile of over 3 million tons. September saw a significant drop in Malaysian palm oil exports, ranging from 17.1% to 28.8% compared to August, according to cargo surveyors Intertek Testing Services and AmSpec Agri Malaysia.\n\nPalm oil, like other edible oils, is sensitive to global vegetable oil price movements as it competes for market share. Industry analyst Thomas Mielke predicts that global vegetable oil prices could rise in the coming months and into 2027 due to limited supply caused by disrupted Black Sea sunflower-oil shipments and declining South American soyoil exports. Despite expectations of lower production next year due to El Niño conditions, palm oil prices are expected to hover between 4,500 and 5,000 ringgit per ton through December, as the current high stocks put downward pressure on prices. If the benchmark contract breaks below 4,478 ringgit per ton, analysts warn that this could signal further downside towards 4,445 ringgit.",
  "summary": "JAKARTA: Malaysian palm oil futures were on course for a second straight weekly fall on Friday, with prices declining for a sixth straight session to their lowest in 13 weeks, on weak export data and expectations of high inventory. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange was down 26 ringgit, or 0.57%, at 4,528 ringgit a metric ton by the…",
  "key_points": [
    "Malaysian palm oil futures hit 13-week low at 4,528 ringgit per ton",
    "Decline driven by weak export data, high inventories, and domestic production",
    "Experts predict global vegetable oil prices may rise in 2027"
  ],
  "editors_take": "The decline in palm oil prices to a 13-week low reflects growing downward pressure from high inventories, poor export performance, and higher domestic production, challenging the market's ability to rebound.",
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "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."
}