Malaysian palm oil futures bottomed around MYR 4,250 per tonne, as signs of weak domestic export demand prompted investors to unwound some long positions following a massive rally that drove prices to an over one-month peak of MYR 4,500. Exports of Malaysian palm oil products for August 1 - 15 fell almost 2% to 490,375 tonnes from the same period in July, independent inspection company AmSpec Agri Malaysia said. Adding to the bearish outlook, Malaysia's palm oil inventories in end-July likely increased to the highest in eight months due to higher production and rising imports. On top of that, prospects of soaring exports from rival Indonesia have been capping much of the upside momentum. The world's top producer has allowed producers to ship nine times the amount sold domestically under the rule, up from seven times previously, attempting to clear the current high palm oil stockpiles.

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 of 2022.

Palm Oil is expected to trade at 4231.16 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 3744.63 in 12 months time.

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Palm Oil



Price Day Month Year
Soybeans 1,448.75 -45.25 -3.03% 3.72% 5.83%
Wheat 783.82 -16.93 -2.11% -3.56% 6.72%
Palm Oil 4,182.00 57.00 1.38% 6.01% -5.13%
Cocoa 2,340.00 -20.00 -0.85% 0.47% -10.24%
Cotton 123.25 3.81 3.19% 22.73% 28.79%
Rubber 149.40 -0.90 -0.60% -5.02% -15.83%
Orange Juice 174.10 -2.05 -1.16% 14.61% 28.82%
Coffee 219.10 -6.40 -2.84% 1.29% 22.44%
Oat 438.28 -21.9702 -4.77% -8.69% -13.64%
Rice 17.01 -0.0700 -0.41% -0.38% 26.29%
Canola 809.90 -26.50 -3.17% -5.36% -11.80%
Sugar 18.35 -0.19 -1.02% -5.46% -8.34%
Tea 3.02 0 0% 6.71% 5.59%
Corn 609.32 -17.4349 -2.78% -0.48% 9.15%


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. Trading Economics does not verify any data and disclaims any obligation to do so.
Actual Previous Highest Lowest Dates Unit Frequency
4182.00 4125.00 7268.00 429.00 1980 - 2022 MYR/MT Daily