Actual
4,717.00
Daily Change
7.00 0.15%
Monthly
1.59%
Yearly
3.44%
Q3 Forecast
4,747.31
Palm Oil - Summary

Malaysian palm oil futures surged over 2% to around MYR 4,820 per tonne, marking their highest level since early April and rebounding from recent weakness. Firmer edible oils on the Dalian exchange lifted sentiment, while bargain hunting added support. Demand prospects improved as India's edible oil imports hit a 10-month high in July, with refiners replenishing palm oil and soyoil stocks ahead of the festival season. However, gains were capped by a stronger ringgit and weaker soyoil futures in Chicago markets. Meanwhile, elevated inventories remained a drag, with Malaysia’s July palm oil stocks climbing to a five-month high as production outpaced exports. Simultaneously, export prospects softened, with Intertek estimating shipments fell 7.9% in August 1–15 from the same period in July. Traders also turned cautious ahead of China’s July activity data, including retail sales and industrial output, which could provide fresh clues on demand in another key market.

Palm Oil - Stats

Palm Oil rose to 4,717 MYR/T on August 17, 2026, up 0.15% from the previous day. Over the past month, Palm Oil's price has risen 1.59%, and is up 3.44% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Historically, Palm Oil reached an all time high of 7268 in March of 2022. Palm Oil - data, forecasts, historical chart - was last updated on August 18 of 2026.

Palm Oil - Forecast

Palm Oil rose to 4,717 MYR/T on August 17, 2026, up 0.15% from the previous day. Over the past month, Palm Oil's price has risen 1.59%, and is up 3.44% compared to the same time last year, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil is expected to trade at 4747.31 MYR/MT by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate it to trade at 5009.09 in 12 months time.



Price Day Month Year Date
Soybeans 1,203.35 2.35 0.20% -1.85% 18.79% Aug/18
Wheat 673.88 -0.87 -0.13% -0.02% 35.18% Aug/18
Palm Oil 4,717.00 7.00 0.15% 1.59% 3.44% Aug/17
Cocoa 6,078.00 305.00 5.28% 10.11% -24.47% Aug/17
Cotton 85.52 0.720 0.85% 8.36% 28.98% Aug/17
Rubber 219.80 -1.50 -0.68% 2.28% 28.31% Aug/17
Orange Juice 148.45 3.40 2.34% 0.71% -38.25% Aug/17
Coffee 317.65 3.35 1.07% -2.13% -7.55% Aug/17
Oat 331.02 -1.2324 -0.37% -3.21% 0.01% Aug/18
Rice 14.18 0.1950 1.39% 1.25% 13.31% Aug/18
Canola 828.52 2.02 0.24% 2.26% 28.25% Aug/18
Sugar 16.90 0.30 1.81% 14.04% 4.00% Aug/17
Corn 464.08 -0.9188 -0.20% 3.24% 22.29% Aug/18


Palm Oil
Crude Palm oil is vegetable oil and it's used primarily in processed food. Indonesia and Malaysia constitute 85% of the world's palm oil supply followed by Nigeria, Thailand and Colombia. The contract size is 25 metric tons and it's traded at Bursa Malaysia. The Palm oil prices displayed in Trading Economics are based on over-the-counter (OTC) and contract for difference (CFD) financial instruments. Our market prices are intended to provide you with a reference only, rather than as a basis for making trading decisions. The data is supplied by a third party and, while efforts are made to ensure its accuracy, Trading Economics does not verify the data and makes no representations or warranties regarding its accuracy..
Actual Previous Highest Lowest Dates Unit Frequency
4717.00 4710.00 7268.00 429.00 1980 - 2026 MYR/MT Daily

News Stream
Palm Oil Climbs to Highest Level Since April
Malaysian palm oil futures surged over 2% to around MYR 4,820 per tonne, marking their highest level since early April and rebounding from recent weakness. Firmer edible oils on the Dalian exchange lifted sentiment, while bargain hunting added support. Demand prospects improved as India's edible oil imports hit a 10-month high in July, with refiners replenishing palm oil and soyoil stocks ahead of the festival season. However, gains were capped by a stronger ringgit and weaker soyoil futures in Chicago markets. Meanwhile, elevated inventories remained a drag, with Malaysia’s July palm oil stocks climbing to a five-month high as production outpaced exports. Simultaneously, export prospects softened, with Intertek estimating shipments fell 7.9% in August 1–15 from the same period in July. Traders also turned cautious ahead of China’s July activity data, including retail sales and industrial output, which could provide fresh clues on demand in another key market.
2026-08-17
Palm Oil Set for Second Straight Weekly Rise
Malaysian palm oil futures extended gains, hovering around MYR 4,725 per tonne and heading for a second consecutive weekly advance, supported by firmer edible oils on the Dalian markets and improving export prospects. Cargo surveyors estimated Malaysian palm oil shipments rose between 2.6% and 14.8% in the first 10 days of August from the same period in July. Demand prospects also strengthened after edible oil imports in top buyer India climbed to a 10-month high in July, as refiners increased purchases of palm oil and soyoil to replenish inventories ahead of the festival season, according to the Solvent Extractors’ Association of India. Higher oil prices also lent support amid U.S. threats to maintain a naval blockade of Iran. However, gains were capped by a stronger ringgit and weaker soyoils on the Chicago exchange. Meanwhile, Malaysia lowered its September crude palm oil reference price, although the adjustment was insufficient to bring the export duty below 10%.
2026-08-14
Palm Oil Extends Losses, Trades Below MYR 4,700
Malaysian palm oil futures slipped further, staying below MYR 4,700 per tonne and hovering near a one-week low amid weakness in edible oils on the Dalian and Chicago exchanges. Signs of ample supply continued to weigh on sentiment, with Malaysia’s July palm oil inventories rising 3.32% mom, while production surged 9.41%. Lower crude oil prices also pressured edible oils after forecasts pointed to softer global oil demand in 2026. Meanwhile, Malaysia lowered its September crude palm oil reference price, but the adjustment was not enough to push the export duty below 10%. Still, a weaker ringgit helped cushion the downside by making palm oil more affordable for overseas buyers. Export prospects also improved, with cargo surveyors estimating Malaysian palm oil shipments rose between 2.6% and 14.8% in the first 10 days of August. In top buyer India, expectations of stronger festive-season demand provided additional support after July edible oil imports climbed to a ten-month high.
2026-08-13