Malaysian palm oil futures extended recent declines, hovering below MYR 4,650 per tonne and touching an eight-week low, as weaker edible oils on the Dalian market and sluggish export demand weighed on sentiment. Cargo surveyors noted palm oil shipments fell 15.1%–24.3% in the first 25 days of September from the same period in August. Meanwhile, expectations of seasonally higher production raised concerns that end-month stocks could exceed 3 million tonnes. Industry estimates pointed to a sharp rise in output, with production up 20.84% in the first 25 days of September from August. Still, losses were capped by firmer crude oil prices amid persistent uncertainty over U.S.-Iran talks, supporting demand for palm oil as a biodiesel feedstock. In Indonesia, palm oil exports fell 9.87% yoy to 3.19 million tonnes in July, according to a palm oil association, adding to concerns over regional demand. Traders now await China’s September PMI data for clues on activity and commodity demand.