New Straits Times (25/06/2026) - JAKARTA: Malaysian palm oil futures extended losses to a third day on Thursday, with oil prices and rival vegetable oils declining sharply, while market participants awaited export data to gauge demand.

The benchmark palm oil contract for September delivery on the Bursa Malaysia Derivatives Exchange fell 2.24 per cent to RM4,529 (US$1,101.14) per metric ton in early trade.

Dalian's most-active soyoil contract dropped 0.88 per cent while its palm oil contract declined by 3.08 per cent. Soyoil prices on the Chicago Board of Trade fell 0.51 per cent.

Palm oil tracks the price movements of rival edible oils, as it competes for a share of the global vegetable oils market.

Oil prices extended their decline on Thursday, edging closer to pre-war levels as stranded tankers exited the Strait of Hormuz following an initial accord to end the US-Israeli war with Iran, easing supply concerns.

Weaker crude oil futures make palm a less attractive option for biodiesel feedstock.

Palm oil may break support at RM4,574 per metric ton and fall toward RM4,542, Reuters technical analyst Wang Tao said.

Asian equities surged on Thursday after strong earnings and forecasts from chip giants Micron and Qualcomm helped alleviate some concerns over the red-hot AI rally that has pushed global stocks to record highs.

Read more at https://www.nst.com.my/business/corporate/2026/06/1472307/palm-oil-falls-third-day-weak-crude-edible-oils