Malaysian palm oil futures for October delivery dropped 40 ringgit, or 0.86%, to settle at 4,603 ringgit ($1,126.81) per metric ton on Tuesday.
The decline reflects broad-based softness across the edible oil complex, with Malaysian contracts tracking lower prices in rival Dalian vegetable oils and a retreat in crude oil benchmarks.
The session’s weakness underscores the sensitivity of palm oil to cross-asset dynamics, particularly its correlation with Chinese demand indicators and energy costs.
As Dalian prices softened, palm oil faced downward pressure, extending a recent trend of losses that has seen the contract decline for multiple consecutive sessions.
The move highlights how sentiment in Asian markets continues to drive pricing in global vegetable oils.
This latest drop follows a period of sustained selling pressure, with palm oil futures opening lower on Friday and declining for a second consecutive session on Wednesday.