{
  "id": 12309627,
  "title": "Palm flat as stockpile concerns cap gains",
  "url": "https://urgent.news/2026/10/06/palm-flat-as-stockpile-concerns-cap-gains",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-06T05:36:18.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40442863/palm-flat-as-stockpile-concerns-cap-gains"
  },
  "original_language": "en",
  "account": "KUALA LUMPUR - Malaysian palm oil futures remained relatively stable on Tuesday as gains from rising crude oil prices were offset by worries over larger September stockpiles. The December palm oil contract on Bursa Malaysia Derivatives Exchange rose 2 ringgit, or 0.04%, to 4,580 ringgit ($1,121.45) per metric ton by noon. Market stability was bolstered by higher crude oil prices and continued buying after Monday's recovery, though concerns about high September inventories still kept gains in check, according to David Ng, a trader at Iceberg X Sdn Bhd. Malaysia anticipates its palm oil stocks will reach a record high in September, surpassing the December 2018 peak, as output surged to record levels while export demand remained weak, as per a Reuters survey. Crude oil prices experienced minor increases due to ongoing Middle East security worries, which maintained a geopolitical risk premium, despite strong regional crude exports and a temporary G7 stockpile release. Palm oil's appeal as a biodiesel feedstock was heightened by stronger crude oil futures. Soyoil prices on the Chicago Board of Trade increased by 0.03%. The Dalian Commodity Exchange is closed for a public holiday and will resume operations on October 8. Palm oil movements mirror those of other edible oils as it battles for market share. The Malaysian ringgit, the commodity's trading currency, appreciated 0.02% against the dollar, making it slightly pricier for foreign buyers. Indian sunflower oil imports plunged to their lowest level in over four years in September, following the Ukraine war's disruption of shipments. This caused refiners to buy more palm oil, reaching their highest level in seven months, according to five dealers. Palm oil could further climb into a range of 4,656-4,677 ringgit per metric ton, as indicated by its wave pattern and channel technique, according to Reuters technical analyst Wang Tao.",
  "summary": "KUALA LUMPUR: Malaysian palm oil futures were little changed on Tuesday, as gains from stronger crude oil prices were tempered by concerns of higher September stockpiles. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange gained 2 ringgit, or 0.04%, to 4,580 ringgit ($1,121.45) a metric ton by the midday break. The market was supported by firmer crude…",
  "key_points": [
    "Malaysian palm oil futures stable, gains offset by September stockpile concerns",
    "December contract rises 0.04% to 4,580 ringgit per metric ton",
    "Malaysia forecasts record high palm oil stocks in September"
  ],
  "editors_take": "Market stability in Malaysian palm oil futures is being capped by concerns over high stockpiles, despite support from higher crude oil prices and steady buying interest.",
  "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."
}