Why are Palm Kernel Oil Prices so high?
30-09-2026 - Over the past month, the price of Palm Kernel Oil has risen from 7366.0 MYR/t to 7894.0 MYR/t, indicating a strengthening market. This increase suggests potential supply constraints or heightened demand. The forecast predicts a further rise to 8187.65 MYR/t, a 3.7% increase from the current price, equating to an additional 293.65 MYR/t. This projection highlights an upward trend, with potential market volatility impacting raw material prices.
The forecast points to upward price pressure on raw materials, primarily due to supply factors, contributing an impact of 177.53 MYR/t. Key influences include inventory levels and weather conditions. All data types, including demand, flows, and technical indicators, support this upward trend.
Additionally, MIDF Research anticipates that the average local crude palm oil (CPO) delivery price will rise by 4.4% month-on-month to RM3,891 per tonne in October 2023. This increase is attributed to moderate El Niño events and aligns with the forecast of an upward trend in the BMD Palm Oil market for the coming month.
The forecast points to upward price pressure on raw materials, primarily due to supply factors, contributing an impact of 177.53 MYR/t. Key influences include inventory levels and weather conditions. All data types, including demand, flows, and technical indicators, support this upward trend.
Additionally, MIDF Research anticipates that the average local crude palm oil (CPO) delivery price will rise by 4.4% month-on-month to RM3,891 per tonne in October 2023. This increase is attributed to moderate El Niño events and aligns with the forecast of an upward trend in the BMD Palm Oil market for the coming month.
What is the current / spot price of Palm Kernel Oil?
Palm Kernel Oil Price Today
September 30, 2026
Current Price
7894
What is the forecast for the price of Palm Kernel Oil?
Palm Kernel Oil Price Forecast
September 30, 2026
1 Month Forecast
8187.65
1 Year Forecast
5431.46
What are the short-term drivers of Palm Kernel Oil prices?
Over the 1 Month horizon the outlook is bullish due to drivers such as: - Palm Oil imports to India - Palm Kernel Oil BMD Imports - Palm Kernel Oil BMD Production Br(None) The top contrary drivers for the 1 Month horizon are: - Palm Oil exports from Indonesia - Satellite-observed activity in Kalimantan Barat (Indonesia)
What are the long-term drivers of Palm Kernel Oil prices?
Over the 1 Year horizon the outlook is bearish due to drivers such as: - Palm Oil imports to China - Long term price trends - Satellite-observed activity in Riau Province (Indonesia) Br(None) The top contrary drivers for the 1 Year horizon are: - EWMA-based technical analysis - Palm Kernel Oil BMD Exports
Will the price of Palm Kernel Oil go up?
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1 Week
1 Month
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6 Month
1 Year
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ChAI Protect is our commodity price risk insurance offering, created to protect your company from the financial risks associated with raw material price movements.
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