{
  "id": 12612617,
  "title": "Palm falls for second session on stockpile fears",
  "url": "https://urgent.news/2026/10/07/palm-falls-for-second-session-on-stockpile-fears",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-10-07T11:18:01.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40443098/palm-falls-for-second-session-on-stockpile-fears"
  },
  "original_language": "en",
  "account": "Malaysian palm oil futures plummeted for the second consecutive trading day on Wednesday, driven by worries over escalating inventories, although higher crude oil prices helped mitigate the decline. The December December delivery contract on Bursa Malaysia Derivatives Exchange fell 36 ringgit, or 0.79%, to 4,524 ringgit ($1,107.20) per metric ton at the close. Traders expressed concern over the lack of recovery in prices, despite a rise in crude oil costs. Malaysia's palm oil stockpiles are projected to reach a record high in September, surpassing the December 2018 peak, as production skyrocketed to record levels while export demand remained sluggish, according to a Reuters survey. Soyoil prices on the Chicago Board of Trade also declined by 0.64%. The Dalian Commodity Exchange is on a holiday and will reopen on Thursday. Palm oil mirrors the price movements of other edible oils, competing for a slice of the global vegetable oils market. Crude oil prices held steady, with Brent futures remaining above $100 a barrel as investors balanced higher Gulf exports against ongoing risks from the Middle East conflict and a storm approaching oil-producing areas in the United States. The Malaysian ringgit, the commodity's trading currency, slipped by 0.1% against the dollar, making it marginally less expensive for international buyers. Meanwhile, Indonesia's forestry task force transferred nearly 260,000 hectares of seized land to the national forestry ministry, with over half going to Agrinas Palma Nusantara, a state-owned palm oil plantation corporation.",
  "summary": "KUALA LUMPUR: Malaysian palm oil futures dropped for a second session on Wednesday, weighed down by concerns over rising stockpiles, though firmer crude oil prices limited losses. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange slid 36 ringgit, or 0.79%, to 4,524 ringgit ($1,107.20) a metric ton at close. The market remained under pressure,…",
  "key_points": [
    "Malaysian palm oil futures drop for second day",
    "December contract falls 0.79% to $1,107.20 per ton",
    "Malaysia's palm oil stocks projected to hit record high"
  ],
  "editors_take": null,
  "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."
}