Actual
4,818.00
Daily Change
26.00 0.54%
Monthly
0.96%
Yearly
9.00%
Q4 Forecast
4,738.35
Palm Oil - Summary

Malaysian palm oil futures extended gains, holding above MYR 4,800 per tonne amid strength in rival edible oils and a tightening supply outlook linked to severe El Niño conditions and Indonesia's upcoming B50 biodiesel mandate. Robust exports also supported prices, with cargo surveyors reporting a 58.5%–78.4% surge in shipments during Oct. 1–20 from the same period in Sept. Festival-related buying from India, the world's largest palm oil importer, has been a key demand driver. The Malaysian Palm Oil Council expects prices to stay above MYR 4,600 in Nov., noting that India and China may increase their reliance on palm oil amid anticipated supply constraints in sunflower and soybean oils. Elevated energy prices further supported prices by strengthening biodiesel demand prospects. However, gains were tempered by softer food-sector demand amid lingering inflation pressures. For the week, futures were on track for a third consecutive weekly rise, up nearly 1% so far.

Palm Oil - Stats

Palm Oil rose to 4,818 MYR/T on October 23, 2026, up 0.54% from the previous day. Over the past month, Palm Oil's price has risen 0.96%, and is up 9.00% 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 October 24 of 2026.

Palm Oil - Forecast

Palm Oil rose to 4,818 MYR/T on October 23, 2026, up 0.54% from the previous day. Over the past month, Palm Oil's price has risen 0.96%, and is up 9.00% 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 4738.35 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 4982.75 in 12 months time.



Price Day Month Year Date
Soybeans 1,256.50 3.50 0.28% -4.63% 20.61% Oct/23
Wheat 625.00 0.25 0.04% -11.60% 21.95% Oct/23
Palm Oil 4,818.00 26.00 0.54% 0.96% 9.00% Oct/23
Cocoa 5,592.00 10.00 0.18% 0.04% -11.51% Oct/23
Cotton 80.20 -0.590 -0.73% -3.73% 24.92% Oct/23
Rubber 254.30 -1.70 -0.66% 1.92% 46.40% Oct/23
Orange Juice 142.05 -0.50 -0.35% -5.77% -26.51% Oct/23
Coffee 307.45 -5.00 -1.60% 11.66% -23.71% Oct/23
Oat 372.00 -4.2500 -1.13% -11.95% 20.39% Oct/23
Rice 17.52 0.0650 0.37% 5.77% 72.44% Oct/23
Canola 792.60 1.30 0.16% -4.34% 28.36% Oct/23
Sugar 20.24 0.11 0.55% 8.76% 35.20% Oct/23
Corn 456.00 -4.5000 -0.98% -13.55% 7.74% Oct/23


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
4818.00 4792.00 7268.00 429.00 1980 - 2026 MYR/MT Daily

News Stream
Palm Oil Set for 3rd Straight Weekly Gain
Malaysian palm oil futures extended gains, holding above MYR 4,800 per tonne amid strength in rival edible oils and a tightening supply outlook linked to severe El Niño conditions and Indonesia's upcoming B50 biodiesel mandate. Robust exports also supported prices, with cargo surveyors reporting a 58.5%–78.4% surge in shipments during Oct. 1–20 from the same period in Sept. Festival-related buying from India, the world's largest palm oil importer, has been a key demand driver. The Malaysian Palm Oil Council expects prices to stay above MYR 4,600 in Nov., noting that India and China may increase their reliance on palm oil amid anticipated supply constraints in sunflower and soybean oils. Elevated energy prices further supported prices by strengthening biodiesel demand prospects. However, gains were tempered by softer food-sector demand amid lingering inflation pressures. For the week, futures were on track for a third consecutive weekly rise, up nearly 1% so far.
2026-10-23
Palm Oil Edges Higher as Export Demand Offsets Ample Supply
Malaysian palm oil futures inched up, hovering above MYR 4,750 per tonne after recent losses, supported by robust exports and stronger demand prospects. Cargo surveyors reported a 58.5%–78.4% surge in shipments during October 1–20 from the same period in September, while festival-related demand from India, a key importer, further bolstered sentiment. Higher crude oil prices also lent support by enhancing palm oil’s competitiveness as a biodiesel feedstock. Meanwhile, Malaysia is considering a temporary waiver or reduction of its 10% crude palm oil export tax to help clear record-high inventories and improve global price competitiveness. Stocks reached an all-time high of 3.51 million tonnes in September. However, gains were capped by weaker palm olein futures in Dalian and lower soyoil prices in Chicago. Seasonal production is also expected to remain elevated in October following six consecutive monthly increases, reinforcing concerns over ample supplies.
2026-10-22
Palm Oil Nears MYR 4,800 as Profit-Taking Offsets Demand
Malaysian palm oil futures edged lower towards MYR 4,800 per tonne as traders took profits after prices approached a four-week high. Sentiment was also dampened by record inventories of 3.51 million tonnes in September, while seasonal production is expected to stay elevated in October after six consecutive monthly rises. Still, losses were tempered by firmer edible oil prices on the Dalian and Chicago markets. Exports offered support, with cargo surveyors reporting a 43.2%–58.3% mom surge in palm oil shipments during the first half of October. Festival-related demand from India, a key importer, further lifted risk appetite. Meanwhile, Indonesia raised its October crude palm oil reference price to USD 1,042.15 per tonne, while rising crude oil prices enhanced palm oil’s competitiveness as a biodiesel feedstock. Traders now monitor Malaysia’s consideration of a waiver or reduction in its crude palm oil export tax, which could improve its competitiveness against Indonesian supplies.
2026-10-21