Malaysian palm oil futures dipped below MYR 4,060 per tonne on Wednesday, marking the closing of trading for 2025. This decrease was influenced by weaker performance in competing oils on the Chicago market amidst subdued holiday trading. Despite early indications of export stabilization, cargo surveyors reported a rise in palm oil shipments between December 1 and 25 by 1.6% to 3% compared to the previous month. Compounding the downward trend, Indonesia adjusted its crude palm oil reference price for January to USD 915.64, a decrease from USD 926.14 in December, reflecting softer pricing conditions in the leading producer worldwide. Losses were somewhat mitigated by an increase in palm oil imports during November by India, the largest consumer, as refiners capitalized on lower prices. Over the year, palm oil futures are projected to record an overall decline of approximately 8.5%, reversing last year's significant gains due to abundant supplies and persistent concerns over decreasing global demand. Markets will remain closed for the New Year holiday and are scheduled to reopen the following day.