{
  "id": 8905245,
  "title": "Palm extends losses on weak crude, firm ringgit, sluggish exports",
  "url": "https://urgent.news/2026/09/21/palm-extends-losses-on-weak-crude-firm-ringgit-sluggish-exports",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-21T10:56:29.000Z",
  "source": {
    "name": "Business Recorder",
    "slug": "business-recorder",
    "url": "https://www.brecorder.com/news/40440513/palm-extends-losses-on-weak-crude-firm-ringgit-sluggish-exports"
  },
  "original_language": "en",
  "account": "Malaysian palm oil futures continued to decline in value on Monday, marking the second consecutive session of losses. This decline was attributed to a stronger Malaysian ringgit, falling crude oil prices, and a drop in exports, all of which created a less favorable environment for the commodity. The December palm oil contract on Bursa Malaysia Derivatives Exchange fell 41 ringgit, or 0.84%, to 4,857 ringgit ($1,191.90) per metric ton. The previous day's decline was 0.77%. Market sentiment was further dampened by reduced market participation, as indicated by a decrease in open interest for the day, according to a trader based in Kuala Lumpur. Oil prices had dropped to their lowest level in 11 days, as investors speculated about potential diplomatic breakthroughs in the Iran conflict and anticipated a partial recovery in shipments from Saudi Arabia. Palm oil's value is influenced by the price of competing edible oils, and a stronger ringgit, which makes the commodity more expensive for buyers using foreign currencies, also contributed to the losses. Cargo surveys estimated that Malaysian palm oil exports from September 1 to 20 decreased by 12.8% to 24.7% compared to the previous month. Other related oil contracts also saw declines; Dalian's most-active soyoil contract decreased by 0.11%, while its palm oil contract dropped by 0.92%. Similarly, soyoil prices on the Chicago Board of Trade experienced a 0.45% decrease.",
  "summary": "KUALA LUMPUR: Malaysian palm oil futures extended losses for a second straight session on Monday, as a firmer ringgit, softer crude oil prices and sluggish exports dampened sentiment. The benchmark palm oil contract for December delivery on the Bursa Malaysia Derivatives Exchange fell 41 ringgit, or 0.84%, to 4,857 ringgit ($1,191.90) a metric ton at the close. The contract fell 0.77% in the…",
  "key_points": [
    "Malaysian palm oil futures declined 0.84% to 4,857 ringgit per metric ton",
    "Stronger ringgit and falling crude prices contributed to losses",
    "September exports dropped 12.8% to 24.7% compared to previous month"
  ],
  "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."
}