Palm Kernel Oil Prices

30-01-2026 - Over the past month, the price of Palm Kernel Oil has experienced a slight increase, rising from 6915.0 MYR/t to 6965.0 MYR/t. This modest uptick suggests changes in market dynamics, possibly influenced by shifts in supply and demand. The forecast anticipates further growth, predicting a price of 7051.32 MYR/t, which is a 1.2% increase from the current 6965.0 MYR/t. However, this upward trend is accompanied by potential market volatility that could impact raw material prices.

The forecast indicates upward pressure on raw material prices, primarily driven by supply factors, with a notable impact of 172.33 MYR/t due to inventory levels and crop growth. While demand and market flows support this trend, technical data hints at a possible decline, leading to mixed signals in the data.

In contrast, the Malaysian Palm Oil Council (MPOC) projects that palm oil prices will remain stable, ranging between RM3,800 and RM4,100 in January 2026. This outlook is based on a balanced supply-demand scenario, suggesting a stable market without significant price increases. This projection differs from the forecasted price of RM7,051.32, highlighting a divergence in opinions between the forecast and external sources.