Malaysian palm oil futures experienced their second consecutive loss session on Monday. A stronger ringgit and the upcoming market closures in China during the "Golden Week" weighed on market sentiment.

Palm oil continues to trade at a premium compared to other vegetable oils, limiting demand. Traders are cautiously adjusting positions before the Chinese markets close from October 1st to 7th.

Outlook: Demand may remain weak in the short term, particularly due to its premium over competing oils. The market is expected to respond to developments after the "Golden Week" when China re-enters the market.



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