Palm oil futures slide toward second weekly loss on rival edible oil weakness

September contracts on Bursa Malaysia drop 0.3% as Dalian oils and crude retreats cap upside, extending a bearish streak for the key agri-commodity.

By Handelsavisen Newsroom · Automated 2026-07-03 06:31 UTC · 1 min read

Malaysian palm oil futures opened lower on Friday, putting the contract on track for a second consecutive week of losses.

The September delivery contract on the Bursa Malaysia Derivatives Exchange fell 14 ringgit, or 0.31%, to trade at 4,492 ringgit ($1,106.40) per metric ton.

The decline reflects persistent downward pressure from rival edible oils, particularly weakness in Dalian markets, which has capped buying interest in Kuala Lumpur.

Traders are also tracking a broader retreat in crude oil prices, which has historically weighed on palm oil sentiment by reducing the appeal of biodiesel production.

This session’s pullback extends a losing streak that began earlier in the week.

Malaysian palm oil futures declined for a second consecutive session on Wednesday, reversing a prior uptrend as the market absorbed the drag from softer competitor benchmarks.