Malaysian palm oil futures tumbled about 3.5% to below MYR 4,230 per tonne, reversing modest gains from the prior session and hitting a six-week low. The drop followed the Malaysian Palm Oil Council’s forecast of MYR 4,200–4,500 in the coming weeks, reflecting tight vegetable oil supply amid soft demand from key markets. Declines in rival edible oils on Dalian and Chicago exchanges added pressure. Peak output is expected between September and October due to favorable weather, while end-August stocks rose 4.2% from July to 2.2 million tonnes. Further losses were partly offset by a weaker ringgit. On the export front, shipments for September 1–20 are estimated up 8.3–8.7% from August. In top buyer India, demand is expected to remain strong ahead of the mid-October festive season, with imports likely above 800,000 tonnes in September after a 13-month high of 990,528 tonnes in August.
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