Malaysian palm oil futures remained under pressure, extending recent losses to trade below MYR 4,650 per tonne as weaker rival edible oils on the Dalian and Chicago exchanges weighed on sentiment. Prices moved further away from last week's 15-week high amid a sharp decline in crude oil prices after the U.S. paused strikes on Iran, reducing support by weakening the biodiesel outlook. Still, losses were capped by stronger export demand, with cargo surveyors estimating that July 1–25 palm oil shipments rose between 8.1% and 15.9% from the same period in June. Additional support came from higher biodiesel blending mandates in exporting countries such as Indonesia and Malaysia. Meanwhile, palm oil imports by top buyer India are expected to rise between July and October as tighter edible oil supplies ahead of the festive season boost demand. Weather also remained supportive, with Malaysia warning that record-high temperatures could curb output next year.

Palm Oil fell to 4,642 MYR/T on July 28, 2026, down 0.66% from the previous day. Over the past month, Palm Oil's price has risen 1.18%, and is up 8.53% 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 July 28 of 2026.

Palm Oil fell to 4,642 MYR/T on July 28, 2026, down 0.66% from the previous day. Over the past month, Palm Oil's price has risen 1.18%, and is up 8.53% 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 4777.54 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 5027.51 in 12 months time.



Price Day Month Year Date
Soybeans 1,212.00 3.50 0.29% 9.31% 23.45% Jul/28
Wheat 662.50 2.50 0.38% 16.33% 25.06% Jul/28
Palm Oil 4,642.00 -31.00 -0.66% 1.18% 8.53% Jul/28
Cocoa 5,202.31 102.31 2.01% 4.74% -36.71% Jul/28
Cotton 80.59 -0.287 -0.35% 5.42% 21.81% Jul/28
Rubber 218.00 1.00 0.46% 4.51% 28.01% Jul/28
Orange Juice 136.30 -5.15 -3.64% -12.20% -55.38% Jul/28
Coffee 340.27 15.72 4.84% 22.49% 14.76% Jul/28
Oat 300.01 -14.7440 -4.68% 15.50% -18.70% Jul/28
Rice 13.66 0.0150 0.11% 3.37% 10.29% Jul/28
Canola 783.07 -8.13 -1.03% 5.27% 11.50% Jul/28
Sugar 14.55 -0.03 -0.21% -1.56% -12.30% Jul/28
Corn 457.28 5.5254 1.22% 13.75% 17.48% Jul/28


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
4642.00 4673.00 7268.00 429.00 1980 - 2026 MYR/MT Daily

News Stream
Palm Oil Continues Recent Decline on Weaker Crude Oil
Malaysian palm oil futures remained under pressure, extending recent losses to trade below MYR 4,650 per tonne as weaker rival edible oils on the Dalian and Chicago exchanges weighed on sentiment. Prices moved further away from last week's 15-week high amid a sharp decline in crude oil prices after the U.S. paused strikes on Iran, reducing support by weakening the biodiesel outlook. Still, losses were capped by stronger export demand, with cargo surveyors estimating that July 1–25 palm oil shipments rose between 8.1% and 15.9% from the same period in June. Additional support came from higher biodiesel blending mandates in exporting countries such as Indonesia and Malaysia. Meanwhile, palm oil imports by top buyer India are expected to rise between July and October as tighter edible oil supplies ahead of the festive season boost demand. Weather also remained supportive, with Malaysia warning that record-high temperatures could curb output next year.
2026-07-28
Palm Oil Pulls Back from April High as Crude Oil Slips
Malaysian palm oil futures retreated below MYR 4,700 per tonne, snapping recent gains after touching their highest since early April. The pullback was fueled by profit-taking, a firmer ringgit, and weakness in rival edible oils on the Dalian and Chicago exchanges. A sharp drop in crude oil added pressure, as hopes for a diplomatic breakthrough in the Middle East raised expectations of normalized shipping through the Strait of Hormuz. Still, stronger export demand helped limit losses, as cargo surveyor Intertek Testing Services estimated July 1–25 exports rose 15.9% from the same period in June. Higher biodiesel blending mandates in Indonesia and Malaysia are also set to boost consumption. In India, the world’s largest buyer, imports are forecast to rise between July and October as tightening edible oil supplies ahead of the festive season spur purchases. Weather risks remain supportive, with Kuala Lumpur warning that record-high temperatures could curb output next year.
2026-07-27
Palm Oil Hits 15-Week High on Biodiesel Demand, India Outlook
Malaysian palm oil futures hovered around MYR 4,750 per tonne, extending recent gains to their highest level since early April. Sentiment was buoyed by stronger edible oils on the Dalian market, a weaker ringgit, and firmer oil prices amid persistent hostilities in the Middle East. The market was also on track for a third weekly gain, up about 3.3% so far, buoyed by higher biodiesel mandates in Indonesia and Malaysia, which are expected to boost demand for palm oil as a biofuel feedstock. In top buyer India, demand prospects improved after forecasts pointed to higher edible oil imports between July and October, as tightening supplies ahead of the festive season are likely to boost palm oil purchases. Weather concerns added further support after Kuala Lumpur warned that record-high temperatures could weigh on production next year. Meanwhile, July 1–20 export data were mixed, with AmSpec Agri noting shipments fell 0.9% from June, while Intertek Testing Services reported a 4.1% growth.
2026-07-24