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Palm Oil Posts Biggest Drop in a Month as Crude Erases War Gains

Palm Oil Posts Biggest Drop in a Month as Crude Erases War Gains
Bloomberg Markets Thursday 25 June 2026, 04:22 UTC By Kanupriya Kapoor 1 min read
Key Points

Palm Oil Posts Biggest Drop in a Month as Crude Erases War Gains Palm oil futures posted the biggest drop in more than a month, tracking declines in crude and soy oil prices, while a strengthening ringgit added to demand headwinds. Futures fell as much as 2.4% to near 4,500 ringgit a ton in Kuala Lumpur, extending declines to a third day, after global crude benchmark Brent gave up its war-time gains as the US and Iran made progress on a peace deal. Soy oil in Chicago was 0.6% lower.

Palm Oil Posts Biggest Drop in a Month as Crude Erases War Gains Palm oil futures posted the biggest drop in more than a month, tracking declines in crude and soy oil prices, while a strengthening ringgit added to demand headwinds. Futures fell as much as 2.4% to near 4,500 ringgit a ton in Kuala Lumpur, extending declines to a third day, after global crude benchmark Brent gave up its war-time gains as the US and Iran made progress on a peace deal. Soy oil in Chicago was 0.6% lower.
Palm Oil Posts Biggest Drop (ORG) Kuala Lumpur (LOCATION) Brent (PERSON) US (LOCATION) Iran (LOCATION) Chicago (LOCATION)
Originally published by Bloomberg Markets Read original →

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