Palm Oil Prices : to remain lower : CSE - WATA/AGAL/NAMU/etcCrude Palm Oil FuturesMYX_DLY:FCPO1!HR2302Previous Update https://www.tradingview.com/chart/FCPO1!/cu5CLxDT-Declining-Palm-Oil-Prices-CSE-WATA-AGAL-NAMU-etc/ We held a bearish bias on palm oil prices in our last update, and the market moved exactly as expected, dropping about 12% by end‑Dec 2025. Back then, we highlighted that it was prudent to book profits with the Sep 2025 quarter results, given the expected decline in global palm oil prices. Since then: (from peak to trough basis) • WATA is down 19% • AGAL is down 29% • Both massively underperformed the ASI (down 9.7%) • NAMU remained flat Current Outlook Around 35–40% of global palm oil demand comes from Biodiesel. Biodiesel prices and demand are closely tied to crude oil. With the crude market currently in a supply glut, prices are likely to stay soft in the near term. Our stance remains neutral to bearish on palm oil prices. The recent weakening of the LKR is mildly positive for local palm oil prices but may not enough to offset the broader global price decline. We do not expect meaningful price appreciation in palm‑oil‑linked counters on the CSE heading into the Dec 2025 quarter earnings. Watch 1. Significant moves in crude oil prices 2. Any escalation in conflicts in Venezuela / Middle East / Ukraine (no changes expected for now) 3. A regime change in Iran (would be negative for prices) 4. Peace initiatives of Ukraine conflict (would be negative for prices) 5. Upcoming results of Palm Oil linked counters in CSE 6. LKR/USD direction Disclaimer The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations.