Palm oil futures fell to their lowest level in nearly three months due to a stronger Malaysian ringgit and weakening demand from major buyers like India and China. Benchmark prices dropped 1.7% to below 4,250 ringgit per tonne, marking a fourth consecutive session of losses. Year-on-year, prices are down 9.2%, pressured by seasonal consumption declines and competition from other vegetable oils. In Indonesia, production is expected to reach 56 million metric tons this year, exceeding earlier projections, though exports dipped slightly in October. Meanwhile, Indonesia is advancing trade negotiations with the United States to secure zero-tariff access for key commodities including palm oil, cocoa, and rubber—mirroring a recent deal between Malaysia and the US. Chief negotiator Airlangga Hartarto confirmed that talks will resume after the Asia-Pacific Economic Cooperation (APEC) Summit in South Korea, with legal drafting as the final step before concluding the agreement, expected by November 2025. The move could bolster Indonesia’s export competitiveness amid current market volatility.Source: https://jakartaglobe.id/business/palm-oil-prices-fall-as-indonesia-seeks-zerotariff-deal-with-us (ICE GIACARTA)

Fonte notizia: Jakarta Globe, 30 October 2025