Malaysian palm oil futures bounced back above MYR 5,000 per tonne, moving closer towards an all-time high of MYR 5,220 hit on October 21st, as the country's palm producing regions were hit by heavy rain due to the wet season. Meanwhile, prospects of lower demand could curb the gains after data showed exports of Malaysian palm oil products for October 1st-25th fell 12.1% from the same period in the previous month, led by declines in shipments to the EU (-27.3%) and India (-8.0%). Investors also feared that regulators in India and China could increase scrutiny on speculative trading to tame record high prices.

Historically, Palm Oil reached an all time high of 5220 in October of 2021. Palm Oil - data, forecasts, historical chart - was last updated on October of 2021.

Palm Oil is expected to trade at 4198.31 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 4745.75 in 12 months time.

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Palm Oil


Price Day Month Year
Soybeans 1,248.75 10.7500 0.87% -2.21% 18.06%
Wheat 757.25 5.0000 0.66% 7.18% 24.39%
Lumber 638.90 -9.50 -1.47% 3.77% 27.93%
Cheese 1.77 0 0% 7.86% -22.76%
Palm Oil 4,962.00 -50.00 -1.00% 11.58% 62.64%
Milk 17.86 0 0% 7.98% -17.39%
Cocoa 2,607.00 26.00 1.01% 2.04% 9.72%
Cotton 109.04 0.33 0.30% 8.06% 55.39%
Rubber 215.00 -1.00 -0.46% 10.71% -29.51%
Orange Juice 122.95 0.30 0.24% -7.90% 4.46%
Coffee 204.60 -3.50 -1.68% 3.02% 94.86%
Oat 711.00 4.5000 0.64% 21.90% 140.20%
Wool 1,340.00 -29.00 -2.12% -2.05% 16.72%
Rice 13.29 0.0100 0.08% -4.59% 6.58%
Canola 970.10 8.70 0.90% 9.53% 81.91%
Sugar 19.82 0.16 0.81% 4.43% 33.11%
Tea 3.09 0 0% 1.31% 15.30%
Corn 552.00 8.5000 1.56% 3.66% 37.48%


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.