Palm Kernel Oil Prices

09-12-2025 - Over the past month, the price of Palm Kernel Oil has experienced a decline, dropping from 7774.0 MYR/t to 7106.0 MYR/t. This decrease suggests a downward trend in the raw material market, possibly due to changes in supply or demand dynamics. The forecast predicts a further decrease to 6999.68 MYR/t, representing a 1.5% drop from the current price of 7106.0 MYR/t. This indicates a generally stable to slightly declining trend, with minimal risk of significant price volatility in the raw material market.

The current forecast presents mixed signals. While 'Flows' and 'Demand' data suggest upward price pressure on raw materials, with a notable impact of 167.6 MYR/t, 'Supply' and 'Technical' data point to downward pressure. This highlights a lack of consensus among different data types.

Recent analyses indicate that palm oil prices may decline in the first half of 2025 due to increased supply and weaker-than-expected demand from the biofuels sector. Julian McGill, managing director of Glenauk Economics, predicts that Bursa Malaysia crude palm oil futures could fall to between 4,000-4,200 MYR/t by July 2025. This projection is driven by rising output and softer demand, suggesting a potential downward trend in palm oil prices in the coming months.