Malaysian palm oil futures were trading around the MYR 4,600-a-tonne level, near a six-month low of MYR 4,500 hit earlier in a week as supply concerns eased. Indonesia has recently announced an export acceleration scheme to ship at least 1 million tonnes of crude palm oil and derivatives. The world's biggest exporter also reduced the maximum export tax rate and levy for crude palm oil to $488 per tonne from $575 per tonne to boost shipments. Meanwhile, in Malaysia, the production is expected to increase in the months ahead on higher crops and as migrant workers are set to return.

Historically, Palm Oil reached an all time high of 7268 in March of 2022. Palm Oil - data, forecasts, historical chart - was last updated on June of 2022.

Palm Oil is expected to trade at 5639.44 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 6234.47 in 12 months time.

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Palm Oil



Price Day Month Year
Soybeans 1,610.75 17.50 1.10% -4.18% 21.13%
Wheat 923.75 -13.50 -1.44% -19.55% 45.02%
Palm Oil 4,664.00 -80.00 -1.69% -26.93% 32.50%
Cocoa 2,397.00 18.00 0.76% -0.42% 1.96%
Cotton 103.76 -32.56 -23.89% -28.52% 20.05%
Rubber 270.00 0 0% 7.70% 12.64%
Orange Juice 164.15 -2.05 -1.23% -5.88% 37.83%
Coffee 226.60 -5.85 -2.52% 4.40% 44.10%
Oat 597.00 -1.2500 -0.21% -12.30% 58.15%
Rice 16.06 -0.0600 -0.37% -5.97% 22.09%
Canola 882.50 2.30 0.26% -23.50% 10.46%
Sugar 18.37 -0.01 -0.05% -6.66% 8.70%
Tea 2.77 0 0% 3.75% 4.14%
Corn 750.25 3.5000 0.47% -2.85% 17.87%


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
4664.00 4744.00 7268.00 429.00 1980 - 2022 MYR/MT Daily