{
  "id": 18080093,
  "title": "Palm extends losses on expectations of record October inventories",
  "url": "https://urgent.news/2026/11/04/palm-extends-losses-on-expectations-of-record-october-inventories",
  "topic": "business",
  "section": "Business",
  "published": "2026-11-04T05:59:18.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40447359/palm-extends-losses-on-expectations-of-record-october-inventories"
  },
  "original_language": "en",
  "account": "Malaysian palm oil futures experienced a decline, slipping over 1% and reaching a six-month low on Wednesday. The benchmark palm oil contract for January delivery on Bursa Malaysia Derivatives Exchange fell 55 ringgit, or 1.21%, to 4,496 ringgit ($1,103.31) per metric ton. This loss marked the third consecutive session of declines. The bearish market sentiment was fueled by surveys estimating palm oil end-stocks may have hit a record high last month, up 6.8% from September's record 3.51 million tons to 3.75 million tons. The expectation of record-high inventories added to the negative outlook. Slipping Dalian palm olein prices, partly due to a decline in crude palm oil futures, further contributed to the downward pressure. The Chicago Board of Trade's soyoil contract also declined by 1.6%, while its palm oil contract dropped 3.21%. Palm oil prices closely follow those of other edible oils due to competition for a share of the global vegetable oils market. Crude oil prices experienced a dip in early trade as investors awaited the US midterm election results and their potential impact on Middle East peace talks. Additionally, weaker crude oil futures made palm a less appealing option for biodiesel feedstock. The Malaysian ringgit, palm's trade currency, strengthened by 0.12% against the dollar, increasing the cost for foreign buyers.",
  "summary": "KUALA LUMPUR: Malaysian palm oil futures slipped more than 1% to hit mid-June lows on Wednesday, as expectations of record-high stockpiles and weaker Dalian palm olein weighed on prices. The benchmark palm oil contract for January delivery on the Bursa Malaysia Derivatives Exchange slid 55 ringgit, or 1.21%, to 4,496 ringgit ($1,103.31) a metric ton by the midday break, extending losses to a…",
  "key_points": [],
  "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."
}