Palm Oil Extends Losses

Malaysian palm oil futures fell for a second straight session on Tuesday, slipping below MYR 4,200 per tonne and hovering near their lowest in a week as markets reopened after a holiday. Prices were rattled by weakness in Dalian edible oils and a firmer ringgit. Sentiment was further weighed down by weak official PMI data from China, a key consuming country, raising concerns about near-term demand. However, losses were partly capped by stronger import data from top buyer India, where palm oil imports surged 51% in January to a four-month high, as the tropical oil’s deep discount to rival soyoil encouraged refiners to ramp up purchases. Turning to Indonesia, the world’s largest producer, the statistics bureau reported exports of 23.61 million metric tons of crude and refined palm oil in 2025, up 9.1% year on year. Meanwhile, Malaysian palm oil product exports rose 17.9% in January to 1.46 million metric tons from December, according to Intertek Testing Services.