Foreign media, February 5: Asian palm oil spot prices declined on Thursday as external edible oil and international crude oil markets weakened. The weaker Malaysian ringgit helped limit the losses.

On Thursday, the February 2026 delivery price for 33-degree refined palm oil was quoted at $1,085 per ton, down $7.50 from the previous trading day; March delivery was quoted at $1,082.50 per ton, down $20; April to June delivery was quoted at $1,100 per ton, down $10; July to September delivery quoted at $1,097.50/mt, down $5. All prices are FOB Malaysian ports.

24° refined palm oil for February 2026 delivery quoted at $1,090/mt, down $7.50 from the previous session; March quotes stood at $1,097.50, down $10; April to June quotes were $1,105, down $10; July to September quotes were $1,102.50, down $5. All are FOB quotes at Malaysian ports.

On Thursday, crude palm oil futures on the Bursa Malaysia Derivatives (BMD) declined. The benchmark April 2026 crude palm oil contract fell RM17 or 0.40%, closing at RM4,208/ton, equivalent to $1,065.9/ton.

On Thursday, Dalian edible oil futures and Chicago soybean oil futures declined, exerting price pressure on palm oil.

International oil prices fell as the U.S. and Iran are set to hold talks on Friday. The drop in oil prices weakened palm oil's appeal as a biofuel feedstock.

Malaysia's Palm Oil Board (MPOB) will release palm oil inventory data next Tuesday. Analysts anticipate a decline in palm oil stocks at the end of January, ending a 10-month consecutive growth streak, due to reduced production and increased exports.

Shipping survey agencies reported that Malaysia's palm oil exports rose 14.9% to 17.9% in January.

Data from the Southern Palm Oil Manufacturers Association of Malaysia (SPPOMMA) showed southern Malaysian palm oil production fell 13.08% month-on-month from January 1-31, 2026.

Media reports indicate that India's sunflower oil imports for the 2025/26 season may decline by 10% to a four-year low due to elevated Black Sea sunflower oil prices. Indian buyers may increase palm oil procurement.

The weak ringgit exchange rate makes palm oil priced in ringgit more attractive to buyers holding foreign currencies. On Thursday, the ringgit traded at 3.948 ringgit per US dollar, compared to 3.931 ringgit in the previous session.

Note: 1 US dollar = 3.948 ringgit

As an integrated internet platform providing benchmark prices, on February 6th, the benchmark price of palm oil according to SunSirs was 9032.00 RMB/ton, a decrease of 1.78% compared to the beginning of the month (9196.00 RMB/ton).

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