Malaysia Palm Oil Futures Hit Five-Week Low Below 4,500 Ringgit Per Ton on 34% Export Decline

According to shipping survey firms, Malaysian palm oil futures fell to a five-week low below 4,500 ringgit per ton this week, as exports declined 34% during April 1-15 compared to the prior period, signaling weakening market sentiment.

Malaysia's palm oil inventories fell for the third consecutive month to a seven-month low in March, providing some price support. India, the largest consumer, saw imports drop 19% to a three-month low in March, with analysts expecting seasonal demand may drive increased purchases ahead.