Malaysian palm oil futures opened lower on Thursday, marking a third consecutive decline in four trading sessions.
The downward pressure reflects persistent weakness across rival edible oils and crude oil benchmarks, which continue to weigh on sentiment in the vegetable oil complex.
The contract’s slide extends a losing streak that began earlier in the week, with traders citing softness in Dalian-based vegetable oil prices as a primary driver.
Cross-asset correlations remain tight, with crude oil’s recent pullback further dampening appetite for palm oil derivatives.
This development follows a pattern of sustained selling pressure observed over the past week, as markets digest broader commodity headwinds.
The continued alignment between palm oil and rival oils suggests that near-term support remains fragile, with traders closely monitoring developments in both the energy and agricultural sectors.