Crude Palm Oil (FCPO) futures retreated after two days of gains, with benchmark Sep’25 closing at RM 4,062 (-RM 29). The pullback was driven by concerns that China may cut palm oil imports following a new soy purchase deal with the US, potentially ramping up its soyoil intake instead. Anticipation of rising Malaysian stockpiles also pressured sentiment.
🇺🇸 A proposed US Senate tax bill may restrict biofuel credits for feedstocks sourced outside North America—like Chinese used cooking oil—adding another ripple to global vegetable oil trade flows.
Stay tuned as traders weigh geopolitical shifts and supply-demand dynamics for the week ahead. 🌍💹
