Palm Kernel Oil Prices

15-04-2026 - Over the past month, the price of Palm Kernel Oil has remained steady at 7,597.0 MYR per tonne, indicating a period of stability in the market. However, the forecast predicts an increase to 7,960.99 MYR per tonne, reflecting a 4.8% rise from the current price. This suggests an upward trend, although there is a risk of market volatility affecting raw material prices.

The forecast points to upward price pressure on raw materials, influenced by factors such as Seaborne Imports & Exports and Exchange Rates, contributing a combined impact of 295.07 MYR per tonne. Despite this, technical data indicates a potential downward trend, resulting in a mixed market outlook.

Recent analyses suggest a bullish sentiment for the BMD Palm Oil market in the coming month, consistent with the forecasted price increase to 7,960.99 MYR per tonne. A report from the Commodity Board, dated April 9, 2026, notes that Malaysian palm oil prices are consolidating at high levels, with nearby MDEX crude palm oil (CPO) futures maintaining a position above 4,500 MYR per tonne. The market is bolstered by tightening supply policies in Asia, particularly Thailand's new export licensing regime, and strong biofuel demand. These factors are supporting the market despite competition from other vegetable oils.

This analysis aligns with the forecasted upward trend in palm oil prices.