Malaysian palm oil futures hovered around MYR 4,550 per tonne, extending recent gains amid firmer edible oil prices on the Dalian Exchange and concerns over softer Malaysian output. Sentiment remained supported by top supplier Indonesia’s plan to route key commodity exports, including palm oil, through a state-run trading firm starting in September, a move that could potentially benefit Malaysian shipments. However, contracts are on track for a second monthly decline, weighed down by sluggish exports. Cargo surveyors noted exports during May 1–25 fell between 14.5% and 18.0% from April, partly due to the absence of festive buying. Meanwhile, demand outlook from India, the world’s largest palm oil importer, remained uncertain after the country’s April palm oil imports plunged 26% to a four-month low. Separately, crude oil prices are on track to post a steep monthly fall as reports of a tentative extension of the U.S.–Iran ceasefire eased fears of supply disruptions in the Middle East.

Palm Oil fell to 4,535 MYR/T on May 29, 2026, down 0.04% from the previous day. Over the past month, Palm Oil's price has fallen 0.77%, but it is still 16.94% higher than a year ago, 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 May 29 of 2026.

Palm Oil fell to 4,535 MYR/T on May 29, 2026, down 0.04% from the previous day. Over the past month, Palm Oil's price has fallen 0.77%, but it is still 16.94% higher than a year ago, according to trading on a contract for difference (CFD) that tracks the benchmark market for this commodity. Palm Oil is expected to trade at 4516.68 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 4783.87 in 12 months time.



Price Day Month Year Date
Soybeans 1,192.47 -2.03 -0.17% 0.89% 14.47% May/29
Wheat 619.80 -4.20 -0.67% -0.63% 16.07% May/29
Palm Oil 4,535.00 -2.00 -0.04% -0.77% 16.94% May/29
Cocoa 3,941.34 -157.66 -3.85% 10.43% -59.63% May/29
Cotton 76.02 -0.752 -0.98% -7.52% 16.80% May/29
Rubber 228.30 6.20 2.79% 5.99% 40.93% May/29
Orange Juice 165.58 -3.07 -1.82% -12.97% -41.91% May/29
Coffee 267.78 -6.47 -2.36% -6.22% -21.69% May/29
Oat 361.58 -9.4179 -2.54% 9.99% -4.53% May/29
Rice 12.81 -0.1180 -0.91% 18.68% -5.06% May/29
Canola 771.17 3.87 0.50% 0.96% 8.50% May/29
Sugar 14.13 0.20 1.41% -3.31% -17.42% May/29
Corn 450.48 -5.2744 -1.16% -3.07% 1.46% May/29


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
4535.00 4537.00 7268.00 429.00 1980 - 2026 MYR/MT Daily

News Stream
Palm Oil Set for Another Monthly Loss
Malaysian palm oil futures hovered around MYR 4,550 per tonne, extending recent gains amid firmer edible oil prices on the Dalian Exchange and concerns over softer Malaysian output. Sentiment remained supported by top supplier Indonesia’s plan to route key commodity exports, including palm oil, through a state-run trading firm starting in September, a move that could potentially benefit Malaysian shipments. However, contracts are on track for a second monthly decline, weighed down by sluggish exports. Cargo surveyors noted exports during May 1–25 fell between 14.5% and 18.0% from April, partly due to the absence of festive buying. Meanwhile, demand outlook from India, the world’s largest palm oil importer, remained uncertain after the country’s April palm oil imports plunged 26% to a four-month low. Separately, crude oil prices are on track to post a steep monthly fall as reports of a tentative extension of the U.S.–Iran ceasefire eased fears of supply disruptions in the Middle East.
2026-05-29
Palm Oil Extends Gains After Holiday Break
Malaysian palm oil futures rose for a second straight session, hovering above MYR 4,500 per tonne as trading resumed after a holiday break. Support came from a weaker ringgit, concerns over softer Malaysian output, and firmer edible oils in Dalian and Chicago markets. Simultaneously, crude oil prices surged as Washington–Tehran tensions escalated, despite ongoing peace talks, adding upside support to palm oil through its biodiesel link. Meanwhile, top producer Indonesia plans to channel key commodity exports, including palm oil, through a state-run firm starting in September, a move that could benefit Malaysian palm oil shipments. However, gains were capped by an uncertain demand outlook from India, the world's largest importer, after the country’s palm oil imports plunged 26% in April to a four-month low. Weak export demand also weighed, with cargo surveyors noting that Malaysian palm oil exports during May 1–25 fell between 14.5% and 18.0% from the same period in April.
2026-05-28
Palm Oil Up Toward MYR 4,500 Ahead of Wednesday Break
Malaysian palm oil futures rose modestly to near MYR 4,500 per tonne, rebounding from prior losses amid a weaker ringgit and firmer edible oils on the Dalian exchange. Crude oil strength also provided support after U.S. defensive actions in southern Iran boosted the broader vegetable oil complex. Meanwhile, the top producer, Indonesia, exported 2.17 million metric tons of palm oil products in March, down from 2.88 million tons in March 2025, according to an industry association. Jakarta plans to route commodity shipments through a state-run firm starting September, a move seen as potentially aiding Malaysian flows in the interim. However, gains were capped by weak exports. Cargo surveyors noted that Malaysian palm oil exports for May 1–25 fell between 14.5% and 18.0% from April. Demand prospects from India, the world’s largest palm oil importer, also remained uncertain after imports plunged 26% in April to a four-month low. Markets will be closed on Wednesday for a holiday.
2026-05-26