Bursa Malaysia Derivatives (BMD) crude palm oil futures likely to open lower on Monday, following a broad market pullback. Brent crude extended Friday losses in electronic trading after US President Trump, following two weeks of airstrikes on Iran, a

2026-07-27

Bursa Malaysia Derivatives (BMD) crude palm oil futures likely to open lower on Monday, following a broad market pullback. Brent crude extended Friday losses in electronic trading after US President Trump, following two weeks of airstrikes on Iran, announced a pause in strikes, lifting hopes of a diplomatic easing in the Middle East. Weak Malaysian palm oil exports are weighing: a shipping survey showed July 1-20 exports ranged from a 0.9% decline to a 4.1% month-on-month increase across categories. Offsetting support stems from a strengthening El Nifio threatening Southeast Asian output, Indonesia’s mandatory B50 biodiesel blending tightening exportable supply, and expectations of higher Indian edible oil imports from July to October.