According to Jin10, Malaysian palm oil prices fell during the Asian trading session, while AmInvestment Bank said rising crude palm oil output was weighing on prices. The bank said export growth was not enough to absorb inventories, which may remain high at least through the first quarter, when El Niño-related dry weather could curb production. AmInvestment Bank forecast resistance at 4,604 ringgit per ton and support at 4,460 ringgit per ton for crude palm oil futures. The January-delivery palm oil futures contract on the Malaysia Derivatives Exchange fell 84 ringgit to 4,467 ringgit per ton.
