Palm Kernel Oil Prices

06-02-2026 - 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 potential changes in market demand or supply conditions. The forecast anticipates further growth, projecting a price of 7090.79 MYR/t, which is a 1.8% increase from the current price of 6965.0 MYR/t. This indicates a general upward trend, although there is a risk of market fluctuations impacting raw material prices.

The forecast highlights upward price pressure on raw materials, largely influenced by data on Seaborne Imports & Exports. However, demand data, particularly concerning the Global Economy, suggests a downward trend, resulting in a mixed market outlook. Recent analyses support the forecast of rising palm oil prices, with a projected price of 7090.79 MYR/t for the upcoming month. For example, Business Today reports that BMI, a Fitch Solutions company, has revised its 2025 average annual crude palm oil (CPO) price forecast to RM4,320 per tonne, up from RM4,150. This adjustment is attributed to stronger-than-expected Indian import demand, which bolstered prices through the third quarter of the year. This suggests that increased demand from major importers like India may continue to support higher palm oil prices in the near term.