Palm Oil Stays Below MYR 4,700 on Weak Demand
Malaysian palm oil futures extended losses, remaining below MYR 4,700 per tonne and hovering near a six-week low amid weakness in competing edible oils on the Dalian and Chicago markets. Bearish sentiment was reinforced by sluggish exports, with cargo surveyors estimating Malaysian palm oil shipments dipped 15.1%—24.3%