Driven by declines in external soybean oil and crude oil prices, BMD crude palm oil futures weakened, while domestic DCE palm oil futures also retreated from their highs. In the short term, the market may continue to decline in search of support at lower levels, with participants largely awaiting the MPOB report for guidance. Palm oil importers have shown high enthusiasm for securing cargoes recently, and future arrivals of palm oil are expected to gradually increase. Constrained by weak domestic and international fundamentals in the short term, palm oil spot basis is expected to remain under sustained pressure.