{
  "id": 8233842,
  "title": "Palm oil falls on weaker rival oils, crude; gains 1.7% for the week",
  "url": "https://urgent.news/2026/09/18/palm-oil-falls-on-weaker-rival-oils-crude-gains-1-7-for-the-week",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T11:16:50.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440142/palm-oil-falls-on-weaker-rival-oils-crude-gains-17-for-the-week"
  },
  "original_language": "en",
  "account": "Malaysian palm oil futures fell on Friday, mirroring weaker performance of rival edible oils and crude oil, according to a report from Jakarta. The December-delivery benchmark palm oil contract on the Bursa Malaysia Derivatives Exchange dropped 0.77% to 4,898 ringgit ($1,200.49) per metric ton. However, it still managed a weekly gain of 1.74%. Market analyst's noted that the palm oil contract continued to trade in negative territory on Friday, reflecting broader commodity complex selling pressure during Asian trading hours. The Dalian soyoil contract fell 1.57%, while the palm oil contract on the Chicago Board of Trade lost 2.14%. Palm oil prices track similar trends as other edible oils as they vie for a piece of the global vegetable oils market. The Indian government's announcement regarding potential import tariff cuts was being closely monitored by market participants, with a possible impact on demand for Malaysian palm oil. Oil prices dropped by 2% on Friday, extending losses for three consecutive sessions as concerns over Saudi supply disruptions eased, but conflicts in the Middle East remained a worry. Weak crude oil futures made palm oil a less attractive option for biodiesel feedstock. Indonesia's palm oil output in Kalimantan region, its major producing area, could decline by 12-15% in the fourth quarter due to prolonged dry weather and widespread fires. The Indonesian currency, the ringgit, went up 0.49% against the US dollar, making the commodity pricier for buyers holding foreign currencies.",
  "summary": "JAKARTA: Malaysian palm oil futures closed lower on Friday, tracking weaker rival edible oils on the Dalian and Chicago exchanges, as well as crude oil, but still posted a weekly gain. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 38 ringgit, or 0.77%, to 4,898 ringgit ($1,200.49) a metric ton at the close. The contract gained 1.74% for the…",
  "key_points": [
    "Malaysian palm oil futures fell 0.77% to 4,898 ringgit per metric ton.",
    "Weekly gain of 1.74% despite broader commodity selling pressure.",
    "Indonesian ringgit strengthened 0.49% against US dollar."
  ],
  "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."
}