Malaysia's Palm Oil Futures Hit the Skids: A 3% Plunge Shakes the Market

Malaysian benchmark crude palm oil (CPO) futures dropped sharply by 3.05% to 4,352 ringgit per metric ton today on the Bursa Malaysia Derivatives Exchange. The drop mirrors increasing pressures from global trade tensions, competition from alternative edible oils, and anticipations of greater production in the next few months. This is a dramatic shift in market mood as the vegetable oil industry is facing geopolitical and supply-demand dynamics.

 

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Sources: Hellenic Shipping News, Bernama, Reuters