Malaysian palm oil futures opened lower on Friday, positioning the contract for a second consecutive week of losses.
The decline was primarily driven by weakness in rival Dalian oils, which exerted downward pressure on the broader vegetable oil complex.
Despite the headwinds from the Chinese market, the drop in palm oil was contained by firmer crude oil prices.
The energy benchmark provided a degree of support, capping the decline as traders assessed the interplay between biofuel demand and traditional cooking oil substitutes.
The session reflects ongoing sensitivity to cross-commodity dynamics, with palm oil prices remaining tethered to movements in both the energy sector and rival vegetable oils.
Traders are monitoring whether the current support from crude can sustain palm oil prices or if the broader weakness in the complex will prevail.