Crude palm oil futures rose to above RM2,600 per tonne in the last week of October, as demand from China and India, the world’s two biggest consumers of palm oil, has been recovering quickly. Malaysia’s exports of palm oil to China were up 69% in September when compared to March and those to India climbed 42%. Also, Indonesia exports to India rose 22% from a year earlier in the first seven months of the year. Suppliers are also facing difficulties ensuring enough labor to proceed with the palm harvest as it often consists of foreign laborers from neighbouring Asian countries, such as the Philippines, but restrictions on entry to palm oil-producing countries are hampering their movement. Still, prospects of weak exports in October after recent data showed sales of Malaysian palm oil products fell by 2.12% from a month earlier during Oct 1-15 curbed gains.

Historically, Palm Oil reached an all time high of 4298 in March of 2008. Palm Oil - data, forecasts, historical chart - was last updated on October of 2020.

Palm Oil is expected to trade at 2523.84 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 2168.07 in 12 months time.

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Palm Oil


Palm Oil
Crude Palm oil is a vegetable oil and it's used primarily in processed food. The biggest producers of palm oil are: Indonesia, Malaysia, 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. Trading Economics does not verify any data and disclaims any obligation to do so.
Energy Price Day Weekly Monthly YTD Date
Crude Oil
USD/Bbl
35.7900 0.38 -1.05% -10.19% -7.57% -41.51% Oct/30
Brent
USD/Bbl
37.4500 0.20 -0.53% -10.34% -8.50% -43.59% Oct/30
Natural gas
USD/MMBtu
3.3870 0.09 2.64% 14.00% 36.41% 57.66% Oct/30
Gasoline
USD/Gal
1.0495 0.00 -0.19% -7.85% -8.46% -38.87% Oct/30
Heating oil
USD/Gal
1.0813 0.01 -0.65% -6.08% -3.46% -46.63% Oct/30
Ethanol
USD/Gal
1.5200 0.00 0.00% 0.00% 9.35% 8.80% Oct/31
Naphtha
USD/T
375.07 0.25 -0.07% -1.08% 0.81% -30.04% Oct/30
Propane
USD/Gal
0.52 0.00 -0.02% -0.53% 6.33% 17.40% Oct/30
Uranium
USD/Lbs
29.4000 0.05 0.17% 0.51% -1.67% 18.31% Oct/30

Metals Price Day Weekly Monthly YTD Date
Gold
USD/t.oz
1,871.25 4.12 0.22% -1.55% -1.77% 22.44% Oct/30
Silver
USD/t.oz
23.485 0.21 0.90% -4.45% -1.70% 30.33% Oct/30
Platinum
USD/t.oz
849.00 1.55 0.18% -5.82% -5.26% -11.84% Oct/30

Agricultural Price Day Weekly Monthly YTD Date
Soybeans
USd/Bu
1,056.5000 3.75 0.36% -2.78% 3.12% 10.39% Oct/30
Wheat
USd/Bu
598.5000 5.25 -0.87% -5.41% 4.68% 6.61% Oct/30
Cheese
USD/Lbs
2.2870 0.00 -0.09% -0.31% 7.88% 26.77% Oct/30
Palm Oil
MYR/T
2,603.00 52.00 -1.96% 1.84% 0.93% -5.89% Oct/30
Milk
USD/CWT
21.59 0.00 0.00% -0.18% 7.90% 26.55% Oct/30
Wool
AUD/100Kg
1,138.00 0.00 0.00% -6.64% 14.26% -26.96% Oct/30
Lumber
USD/1000 board feet
495.60 1.90 -0.38% -3.82% -20.32% 21.86% Oct/30
Rubber
JPY/Kg
308.80 7.00 2.32% 12.37% 37.24% 75.26% Nov/02
Rice
USD/cwt
12.5350 0.07 0.52% 1.54% 0.20% -3.09% Oct/30
Canola
CAD/T
537.70 5.50 1.03% -2.24% 3.94% 14.04% Oct/30
Tea
USD/Kgs
2.98 0.00 0.00% 11.19% -1.65% 19.20% Oct/30
Oat
USd/Bu
300.5000 1.25 0.42% -0.99% 5.81% 0.84% Oct/30
Sugar
USd/Lbs
14.36 0.04 -0.28% -2.45% 5.74% 9.37% Oct/30
Cocoa
USD/T
2,293.00 46.00 -1.97% -7.50% -8.57% -9.44% Oct/30
Coffee
USd/Lbs
104.40 0.20 -0.19% -1.14% -2.48% -17.86% Oct/30
Orange Juice
USd/Lbs
117.95 2.05 1.77% 2.57% 3.46% 24.35% Oct/30
Cotton
USd/Lbs
68.92 0.90 -1.29% -3.32% 6.67% -0.51% Oct/30
Corn
USd/BU
397.5000 1.00 -0.25% -5.19% 4.33% 2.65% Oct/30

Livestock Price Day Weekly Monthly YTD Date
Beef
BRL/Kg
18.25 0.30 1.67% 2.87% 8.18% 26.91% Oct/30
Poultry
BRL/Kgs
6.07 0.00 0.00% -1.46% 2.02% 13.46% Oct/30
Feeder Cattle
USd/Lbs
137.8250 1.38 1.01% 3.22% -2.23% -4.72% Oct/30
Live Cattle
USd/Lbs
105.9750 0.30 -0.28% 2.54% -2.57% -15.61% Oct/30
Lean Hogs
USd/Lbs
65.6500 0.03 0.04% -2.05% -11.37% -8.25% Oct/30

Industrial Price Day Weekly Monthly YTD Date
Copper
USD/Lbs
3.0465 0.01 -0.21% -2.90% 5.97% 8.14% Oct/30
Lithium
CNY/T
39,000.00 0.00 0.00% 0.00% 0.00% -21.21% Oct/30
Steel
CNY/T
3,705.00 20.00 0.54% 0.87% 2.72% -0.99% Oct/29
Bitumen
CNY/T
2,178.00 80.00 -3.54% -12.11% -0.18% -29.15% Oct/30
Coal
USD/T
59.17 0.24 0.41% 1.11% -3.60% -15.08% Oct/30
Palladium
USD/t.oz
2,212.00 20.00 0.91% -7.56% -4.45% 14.05% Oct/30
Cobalt
USD/T
32,835.00 470.00 -1.41% -1.41% -3.99% 0.26% Oct/30
Lead
USD/T
1,806.50 25.75 -1.41% 2.02% 1.26% -5.59% Oct/30
Aluminum
USD/T
1,847.50 42.75 2.37% 0.26% 6.33% 2.38% Oct/30
Tin
USD/T
17,725.00 175.00 -0.98% -3.73% 1.56% 3.11% Oct/30
Zinc
USD/T
2,519.75 28.00 -1.10% -1.15% 8.70% 9.08% Oct/30
Nickel
USD/T
15,123.00 376.00 -2.43% -3.54% 5.72% 8.41% Oct/30
Molybdenum
USD/Kg
22.15 1.45 7.00% 7.00% 5.58% 0.45% Oct/30
Iron Ore
USD/T
118.00 1.00 0.85% 0.85% -1.67% 28.26% Oct/30
Soda Ash
CNY/T
1,866.67 0.00 0.00% -0.88% 2.75% 19.15% Oct/30
Neodymium
CNY/T
447,000.00 3,000.00 0.68% 1.59% 2.05% 23.48% Oct/30
Iron Ore 62% fe
USD/T
120.1900 0.09 -0.07% -0.69% -1.02% 29.82% Oct/30
Rhodium
USD/t oz.
13,600.00 400.00 -2.86% -7.48% -2.16% 124.79% Oct/30
Manganese
CNY/T
29.50 0.00 0.00% 0.00% -3.28% -6.35% Oct/30

Index Price Day Weekly Monthly YTD Date
Baltic Dry
Index Points
1,283.00 14.00 -1.08% -9.33% -31.35% 31.45% Oct/30
CRB Index
Index Points
153.76 0.09 -0.06% -3.95% -0.90% -21.81% Oct/30
LME Index
Index Points
3,033.30 0.00 0.00% -1.70% 5.58% 6.68% Oct/30
S&P GSCI
Index Points
1,665.08 1.88 -0.11% -5.01% -1.69% -35.76% Oct/30